- Yi: + 94.07
- Attempting to bottom out: $BTCUSD
- Trying to bounce: BITO, BITW, GBTC
- Trying to hold some rising trend line support: BITW, QCOM
- Trying to hold falling trend line support: X
- Attempting to hold the 28: ANF
- Attempting to hold the 65: GM
- Up against the 65: HSY
- Up against the 28: C, $PLAT
- Up against some falling trend line resistance: BMY, MMM
- Moderately overbought: FL, MET
- Toppy: LIN, LMT, MAIN, MET, VFC
- ABEWISUF: D, NTAP, SPXU, UNG
- 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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