Here is one of my favorite ways of measuring oversold/overbought levels by using the stochastics that is overlaying the weekly NYSI Advance/Decline of stocks. Here you can see the stochastics are pulling back quite a bit while the advance/decline itself is only moderately coming down. On the other hand the RSI is leading the way lower. How this plays out tomorrow and the week ahead should no doubt be interesting. Stay tuned!

Here ist he chart on the NYSI Advance/Decline.

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