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DAX lifts to new record highs above 16,600 but RSI rises further above 80

The DAX has just now risen above the 16,600 for the first time ever, as it extends the move to fresh record highs around 16,625. However, it is just worth noting, that the 14 day RSI (relative strength index) is getting overbought at the same time. It is currently above 82 and close to 83, but that is not critical yet, so the index could still advance further. What I will say, is that if the RSI starts to get close to 95 it will become critical and warn of a correction to come. The trend higher to fresh records is impulsive and once again I stress the problem with finding an upside target now the index is in uncharted territory
 

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