What RSI Is Telling Us Now About the S&P 500 Rally
This week, Dave Keller breaks down one of his favorite technical indicators: RSI, the Relative Strength Index. Using the S&P 500, Broadcom, Apple, and Ford as examples, Dave explains what overbought and oversold conditions really mean, how momentum shifts can signal a change of character, and why many traders misunderstand RSI readings.Dave also analyzes the current market setup as the S&P 500 pulls back from overbought levels after pushing to fresh highs. He explains why the key question now is not whether a pullback happens, but how deeply momentum weakens- and what RSI levels could confirm that dip buyers remain in control.
LINKS
Dave's daily market recap show: http://marketmisbehavior.com/chartthis
How to scan for RSI on StockCharts: https://articles.stockcharts.com/article/stockcharts-insider-how-to-use-the-rsi-bullish-range-scan-to-find-strong-stocks/
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00:00 โ Welcome
01:46 โ S&P 500: Whatโs Really Happening
02:12 โ RSI Explained in 60 Seconds
04:39 โ How to Spot Trends with RSI
06:08 โ The Biggest RSI Mistake Traders Make
07:35 โ Ford: Spotting Trend Shifts Early
09:44 โ Broadcom: Why Overbought Isnโt Bad
13:17 โ Apple: When Momentum Breaks
15:25 โ S&P 500 Outlook + Key Levels to Watch
18:00 โ Divergences, Tools & Final Takeaways
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โ๏ธDISCLAIMER
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You should strongly consider seeking advice from your own investment advisor
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โน๏ธ ABOUT STOCKCHARTS
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