Soxl has never crossed below 30 rsi according...to the RSI 1 Day Chart.
To me this looks like a signal. To be very cautious about puts right now and keep an open mind to a big reversal due to being officially oversold. ALSO the SPY has crossed Below 30 on the RSI which is more oversold than it was at the June lows bottom before turning around. So keep an eye on this. And regardless of the FUD...remeber before any bottom bottoms out and the next day is a rally you STILL here all the same amount of FUD and negative sentiment all over the place...its called click bait alot of it is at least..to attract attention to get views ect... stick to the technicals..
To me this looks like a signal. To be very cautious about puts right now and keep an open mind to a big reversal due to being officially oversold. ALSO the SPY has crossed Below 30 on the RSI which is more oversold than it was at the June lows bottom before turning around. So keep an eye on this. And regardless of the FUD...remeber before any bottom bottoms out and the next day is a rally you STILL here all the same amount of FUD and negative sentiment all over the place...its called click bait alot of it is at least..to attract attention to get views ect... stick to the technicals..
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