Learn how to use the relative strength index (RSI) for analysis of overbought or oversold conditions and to generate buy and sell signals.

The Relative Strength Index ... A basic bearish signal is when the RSI crosses above 70, an overbought level. ... An RSI of 50 signals a neutral balance between bullish and bearish positions.

The indicator RSI(2) has been garnering a lot of attention from the blogosphere. ... Testing the RSI(2) Strategy. Dec. 10, 2008 5:04 AM ET SPDR® S&P 500® ETF (SPY) SPY 3 Comments.

The RSI jumped above the 85 level only in early January and traders who sold at this stage would have been early in booking profits. This shows there is no indicator or strategy that will work ...