I've recently gotten into trading options, but I've also noticed that pretty much every stock I look at has gone up since March, and my RSI isn't helping me much. It basically has all the stocks at 50% right now, so there is no indication whatsoever of which way the market will go from here. Any ideas?
It's the budget( and the expectations) which is keeping the market up with profit bookings coming in for every 250-350 points rise.Most experts expect a 15-20 % correction going forward,probably in July.I would wait for it to enter the market.Right now,it's sellers market.