Major Stock-Market Indexes Approach Overbought Levels, Historical Context Provided
Major U.S. stock-market indexes, including the S&P 500 and Nasdaq Composite, are nearing overbought territory based on the 14-day relative strength index (RSI). The Nasdaq has seen a 13.7% rise over a 10-day winning streak, pushing its RSI to 68.4, while the S&P 500's RSI is at 67. Historically, similar RSI levels in October 2026 led to significant declines in both indices.
Topics: market rally Nasdaq overbought RSI S&P 500 stock market