On the WEEKLY I am comparing this move to the initial move that started the 2017 run. The similarities are notable but so are the differences. RSI was coming DOWN in 2017 but it was still higher at 86. We were just slightly oversold at 71 at this last peak. Seems likely we will pull back but maybe not near as far as we did in 17 because we are not as oversold. 75-60 looks reasonable in the next two weeks but as we will see when we zoom in to shorter term time frames, getting this low would be indication of the trend turning back in the bearish direction.
