RSI has made a move back down from the bullish/overbought area.
I've marked out an orange line on the RSI 52, which seems to act as the support/resistance for bull/bearish trends.
Looking at history we see the RSI crossdown of 70 brings a few bearish months, however it looks like we're bouncing off 70 this time, so there may be a little more bull left before we take a breather... but I believing we're going to have some bearish months up ahead.
I've marked out an orange line on the RSI 52, which seems to act as the support/resistance for bull/bearish trends.
Looking at history we see the RSI crossdown of 70 brings a few bearish months, however it looks like we're bouncing off 70 this time, so there may be a little more bull left before we take a breather... but I believing we're going to have some bearish months up ahead.