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A daily RSI5 / NYMO sell signal fixed at the close on Friday, and this is a very high performance sell signal. I think the hit rate for this signal is 75%+ and I haven’t updated the statistics today as the last six RSI5/NYMO buy or sell signals on the chart below all made target (the 30 level on the daily RSI 5), so the stats certainly aren’t getting worse. This daily sell signal joins the 60min and 15min sell signals still open from last week. SPX daily chart:
Although I am understandably paranoid about days that start off red across the board (since I don’t trust “joy”) I deeply like what crude oil has been doing lately.
