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Here we go again.Despite Tuesday’s dip of just 0.04 percent, the Nasdaq 100’s 14-day relative strength index (RSI) is edging closer towards overbought territory once more. And as seen over recent months, when the RSI breaches that 70 line, it usually triggers a decline of over six percent, as was the case in June and July. Then there was September’s selloff, when the Nasdaq 100 dramatically fell by 14.4 percent in about a three-week period beginning September 2, as the index entered a technical correction.[[{"fid":"12449","view_mode":"default","fields":{"format":"default","... Read More

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