- Yi: + 43.32
- Attempting to bottom out: BITQ, GT, MARA, $NDX, STX, WGMI, WHR
- Oversold: MED
- Moderately oversold: QLD, TROW, XLK
- Attempting to hold the 65: D
- Up against the 28: RGR
- Up against falling trend line resistance: GBTC
- ABEWISUF: $COPPER
- Anything posted may be off base.
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.
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