The stock market just flashed a dangerous warning signal
|10/17/2017||Posted by BusinessMediaguide.Com under General World News||
For months, stock market pessimists have been saying US equities are overvalued.
And as of this past week, they have a major piece of tangible evidence.
The measure in question is the so-called relative strength indicator, which indicates when the stock market has gotten too stretched in either direction. An RSI measure exceeding 70 means the market is overbought and a downturn may be imminent. A drop below 30 indicates an oversold condition.