Investors Caution Against Rapid Market Rally Amid Overbought Concerns
The S&P 500 has risen over 12% in 13 sessions following news of Iran opening the Strait of Hormuz, but some investors warn the rally may be too fast and could lead to a pullback. The index's relative strength index (RSI) has moved quickly from oversold to overbought territory, raising concerns about market sustainability.
Tickers: $RSP
Topics: economic indicators market caution market rally RSI indicator S&P 500