Index: Chart and Rsi

index: Please click here for a chart of S&P 500 ETF SPY, -0.06% which represents the benchmark S&P 500 Index SPX, -0.04% Please note the following The chart shows volume is low, a negative, according to Market Watch. A breakout on higher volume indicates conviction. Let's examine the issue. The relative strength index RSI is overbought. The chart shows the pattern that RSI has traced is positive. When markets are overbought, they are vulnerable and tend to pull back. (news.financializer.com). As reported in the news.