Tag Archives: Technical Analysis

S&P500 Technical Analysis – 25Nov2015

sp500-chart-analysis-25nov2015

S&P500 Technical Analysis
Date:11/25/2015 O=2084.00 H=2092.50 L=2082.25 C=2088.00 V=743,484

RSI Indicator:
Conventional Interpretation: RSI is in neutral territory. (RSI is at 59.39). This indicator issues buy signals when the RSI line dips below the bottom line into the oversold zone; a sell signal is generated when the RSI rises above the top line into the overbought zone.
Additional Analysis: RSI is somewhat overbought (RSI is at 59.39). However, this by itself isn’t a strong enough indication to signal a trade. Look for additional evidence before getting too bearish here.
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