BLOOMBERG Whatd You Miss July 13, 2024
Lets dive in with reporters. Abigail, what are you watching . Term love your technical for trading today, meh for the s p 500. One that had been neutral for a long time. The rsi momentum indicator also stuck in a range. Surelybut slowly but started to turn bullish. A set of higher lows. On each dip im of the buyers had more conviction, stepped up. This congestion is broken to the upside. Anis expected we will see equal and opposite move toward the upside. Take a look at the rsi right below 70. Everyone gets cautious when it is around 70 but technicians do not mind that. It is when you have a s...
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