A five-week winning streak that took the S&P 500 index from 4,100 points to a high of 4,450 points, came to an end on Friday.
However, the S&P 500’s recent rapid rise has been too fast, considering how low stocks were in March, triggering technical red flags.
The RSI, a momentum indicator that evaluates overbought or oversold levels, advanced deeper into overbought zone last week, sparking the comeback of the bears w...