Business & Economy · 1 views

Chip stocks are setting records, but this hidden chart pattern says momentum favors the bears

The SOXX’s RSI indicator has fallen further below the overbought threshold despite prices making record highs.

Source MarketWatch AI Summary Updated 2h 03m ago

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AI Summary

The SOXX’s RSI indicator has fallen further below the overbought threshold despite prices making record highs. History suggests that’s a bad sign.

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