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While it’s true that the RSI can become “embedded” above 70 for a time in a bull market, this is the exception, not the rule.
When the RSI hits 70 or above, it is overbought, and the vast majority of the time, price falls thereafter, especially when accompanied with negative divergence.
We got the expected pullbacks, but it may or may not be done just yet. If not, this could prove to be an extremely fortuitous gift ahead of the rally.