It’s Official: the Dow is More Overbought Than at the Peak of the Tech or Housing Bubbles

The markets are priming for a major inflection point.

I cannot remember a time when investors were more bullish. The Dow is currently more overbought (based on the 14 day relative strength index) than at any point in the last 20 years.

That includes both the peak of the housing bubble and the peak of the Tech Bubble.

THIS WILL HIT BEFORE THE END OF JANUARY.

Another Crisis is brewing… the time to prepare is now.

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Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

This post originally appeared on Zero Hedge

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