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‘Friday Felt Like A Climax To Us’: Most Bullish Analyst On The Street Sees Pullback
Show of hands: Who cares about momentum indicators?
My hand is not raised. That said, I'm taking a shine to perpetuating the mounting charges that I am a fearmonger, so I'm going to go ahead and play right into that characterization by showing you this:
So that's 15 straight days above 70 for the 14-day RSI and according to Morgan Stanley, that does not bode well going forward. Historically, the median decline over the next 30 days is 4.5% after this set up.
“Friday’s
