Shanghai Composite Index falls by 4.4% + RSI above 100 - is this strong evidence of an overactive, emotional stock market, and is this a good time to short?
RSI above 100 does indicate overbuying, however the index falls by 4.4%. Would have to know about the volume before knowing whether the market is overactive. I would invest for the long term and not do shorting.
RSI above 100 does indicate overbuying, however the index falls by 4.4%. Would have to know about the volume before knowing whether the market is overactive. I would invest for the long term and not do shorting.