NASDAQ 100 (NDX) - 3-day RSI above 95 for 6 consecutive days is Bullish

Probability Trader

NASDAQ 100 (NDX) - 3-day RSI above 95 for 6 consecutive days is Bullish. We note that the NASDAQ 100′s 3-day RSI has closed above the 95 level for 6 consecutive days. Intuitively, we thought that this type of lofty & persistent overbought condition would indicate a pullback over the coming week. Our intuition was wrong. Since 1985, following a 3-day RSI reading of greater than 95 for 6 consecutive days, the NASDAQ 100 gained on average 1.80% over the next 5 trading days with a 7 from 7 win rate. Full data analysis & tables can be viewed at (VIEW LINK)

Probability Trader
Quantitative Research Analyst

Probabilitytrader is an independent financial research group that provides objective analysis for traders of Global Stock Market Index CFDs, ETFs, Futures, and Options. Our forward looking analysis covers timeframes as short as 1-day to as long as...


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.