8 Aug, 2018

Trade Plan for week of 9/3/2018

Short week this week! The S&P 500 feels “tired” this week but the QQQ looks like it isn’t slowing down. If you look at the chart below, you’ll see that the we are at 70 RSI on the weekly chart and this is typically a spot where we stall. The RSI (Relative Strength Index) is a momentum indicator and RSI > 70 is considered overbought. RSI < 30 is considered oversold. A lower RSI means that the stock isn’t overextended. …Read the full article