Signals: MU for June 23. 2021.

For those of you who have inquired, the "Yi" is my own proprietary overbought/oversold indicator. A +10 reading generally indicates we are overbought in the overall market, and -4 or a -5 reading is telling us the market is a bit oversold. The "zero line" in between the plus and minus readings will sometimes act as an area of support or resistance, so I tend to keep an eye on that level also. A reading of +20 is extremely overbought, and a -10 indicates the market is extremely oversold.

Tuesday, June 22, 2021

MU for June 23. 2021.

Yi: +63.97
Attempting to bottom out in this area: BITQ, CLX, ETCG, ETHE, GBTC, LTCN, PPLT, REMX
Oversold: $BTCUSD
Moderately oversold: TSM
Attempting to hold some falling trend line support: AGX, GBTC
Up against the 28 DMA: SCHW
Up against some falling trend line resistance: $INDU, JACK
Anything posted on these pages may be off base.

Tuesday, June 22, 2021

MU for June 23. 2021.

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