A Momentum Signal That Occurs Just One Percent of the Time

Ari Wald’s new set of charts this weekend leads off with a look at the recent breathtaking advance in S&P 500 momentum, as measured by the RSI (Relative Strength Index) oscillator. Something that has only occurred in 1% of all periods back to the 1930’s is now taking place once again. What are the historical implications of an off-the-charts momentum reading like this? Here’s Ari: Another week, anoth...

source http://thereformedbroker.com/2018/01/21/a-momentum-signal-that-occurs-just-one-percent-of-the-time/