RSI Average - RSI average and what it is telling us

Below is a chart of the 14 Day RSI indicators following Stocks which belong to the S&P 500.

As you can see the blue arrow is suggesting, that things are very overbought at the moment.

It doesnt mean we are going to crash, it just means that things are very overextended right now.

60 - 65 are extreme levels, and we up at a sell zone area. Right now we are at the 60 mark.







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