RSI GUIDE16 Nov 2016 11:48
June 24 and RSI was at 72.55........SP fell to 53.25, with RSI of 19.58 (28.28% drop in SP).....Nov 14 and RSI at 90.34 ( indicative of overbought) with closing price of 58.15 at that time. With such a high RSI, and assuming a similar price correction of 28%, that would take the 58.15 down to somewhere in the region of 41.87......hands up those who think RSI info is of value :)