- Yi: + 42.27
- Attempting to bottom out: HBI, WOLF
- Oversold: BITQ
- Moderately oversold: MARA, RIOT, SIL, WGMI, WHR
- Trying to hold rising trend line support: CSX, SDY
- Trying to hold falling trend line support: GT
- Attempting to hold the 28: BBY, CAKE, ETCG, GBTC, GLW, QRTEA, $SPX, WEC
- Attempting to hold the 65: BGS, IWM, MKC, $PLAT, PPLT, VLY
- Up against the 65: SPXU
- Toppy: AFL
- 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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