Last time we where this overbought was October 2016, he start of he bull-run. I don't believe we are at a start of a bull run, yet!
Note
Last time we where in these overbought conditions we where also above EMA ribbon. So that makes the bull start also different in my opinion.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.