Another day and another sharp reversal. And now, once again, we have a bullish divergence (technical "buy" signal) between the RSI and price. However, there is another potential RSI negative reversal brewing!The chart at left shows that yesterday's closing price was at a higher RSI level (the upper red line) but at a lower price than on the two previous RSI peaks.
So Tuesday will be another fight between the bulls (RSI bullish divergence) and bears (RSI negative reversal). Who wins? I'll stay out of this fight and watch from the sidelines.
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