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If you look how the RSI is stair-steping down, it illustrates underlying weakness in this index.
First it goes from extremely overbought (RSI > 80) to 50, then rallies back up to the overbought level, but fails to match it’s current level. Then it proceeds to make a new low, falling under 30, followed by another rally that just takes it to the 50 level. If it continues on with this pattern it will make probably get extremely oversold (RSI visit site to read more]
