What RSI Is Telling Us Now About the S&P 500 Rally

This week, Dave Keller breaks down one of his favorite technical indicators: RSI, the Relative Strength Index. Using the S&P 500, Broadcom, Apple, and Ford as examples, Dave explains what overbought and oversold conditions really mean, how momentum shifts can signal a change of character, and why many traders misunderstand RSI readings.

Dave also analyzes the current market setup as the S&P 500 pulls back from overbought levels after pushing to fresh highs. He explains why the key question now is not whether a pullback happens, but how deeply momentum weakens; from there, he discusses what RSI levels could confirm that dip buyers remain in control.

This video premiered on April 28, 2026. Watch on StockCharts' dedicated David Keller page!

Previously recorded videos from Dave are available at this link.