- Yi: + 84.9
- Attempting to bottom out: BA
- Oversold: RIOT
- Moderately oversold: CAKE, CSCO, FL, M, MARA, PFE, PM
- Trying to hold some rising trend line support: MMM
- Trying to hold some falling trend line support: CBRL
- Attempting to hold the 28: BGS, BMY, OMC, SCHX, $SPX
- Attempting to hold the 65: BAC, C, DD, GT, MET, SCHB, SDY, TAP
- Up against the 65: BITO
- Up against the 28: $BTCUSD
- Up against some rising trend line resistance: RGR
- ABEWISUF: B
- 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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