Craig Shapiro: Markets reach overbought extremes as SPY RSI rises

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13.05.2026

Craig Shapiro: Markets reach overbought extremes as SPY RSI rises — Markets hit overbought extremes as breadth falls

Craig Shapiro highlights that market conditions are at overbought extremes, with SPY’s relative strength index rising to 76.3.

He points out that internal participation has deteriorated, as 50-day breadth fell by 12.8 percentage points over five consecutive days to reach 46.50 percent. Shapiro notes that the Extreme Conditions Detector has triggered an overbought signal.

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Shapiro has provided regular updates on market performance, including his weekly reviews on NTLiveMedia’s 'The Sunday Open'. In May, he also noted that falling jet fuel stocks and diesel prices were affected by increased geopolitical risks, which impacted market direction at the time, according to his recent analysis. These earlier reports reflect his focus on shifts in both market breadth and sector-specific trends.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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