With RSI-5 (changed my RSI from 7 period to 5, seems a little more aligned to MACD and price) hitting 93 twice in the last month, I think this rally is over. MACD, price, volume, bollinger band penetration, all indicate the trend has come to an end.
I could be wrong, but as this is a trade in my 401K, and the entry point wasn't that great I was glad to make 4.5% over a volatile summer.
No comments:
Post a Comment