Saturday, 28 February 2026

Monthly momo weakening



 

 

Summary 

A high of 6993, if cooling back to 6775, and settling net lower by -60pts (0.9%) to 6878. 

Monthly momentum ticked lower for a third month, due to turn negative as of April 1st.
Monthly RSI remains an overbought 74. Another monthly settlement above the 10MA, as the m/t trend remains bullish.

S/t alarm bells if <6600, which would take out the monthly 10MA and daily 200MA.
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