S&P RSI Bear Divergence
The current situation on S&P500 graph reminds the Dot-Com Bubble
RSI maximums going down, while the price maximums going up.
Taking into account the current situation with coronacrisis, mass defaults in the US in the next few months, relatively high unemployment in the next few years, growing savings among households, and low CAPEX among companies, the rise of S&P seems like a big bubble.
RSI maximums going down, while the price maximums going up.
Taking into account the current situation with coronacrisis, mass defaults in the US in the next few months, relatively high unemployment in the next few years, growing savings among households, and low CAPEX among companies, the rise of S&P seems like a big bubble.
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