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Does RSI Predict Market Direction the Following Week?

Does RSI Predict Market Direction the Following Week?

by Tom Nunamaker | Mar 22, 2015 | News, Trading

Dr. Terry Allen, from Terry's Tips, published a very interesting 100-week back test of the RSI to see if it predicts market direction for the following week.Terry used the following RSI numbers for 2-day, 3-day and 5-day RSI readings:Very overbought – an RSI reading...

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