Anyone else seeing this RSI screaming overbought at 73.4? It's practically begging for a pullback, but the price is just chugging along above the 200 SMA. I'm thinking of throwing a small speculative short in here, just to catch a quick scalp before it goes higher. What do you guys think?
Hey @NomusaKhumalo86, I totally get why you're looking at that RSI screaming overbought! That's usually my cue to panic and think about a short too. 😅 But seriously, with this market being so sleepy right now, I wouldn't be surprised if it's just a fakeout before it grinds a bit higher. Remember last week? It looked like it was going to tank and then it just… didn't. I'm too tired to short this late anyway, just gonna watch and pray my small long stays green overnight. Good luck if you take that scalp! 🍀
