Update: The Trending of the New Lows
Update of: "Watching the daily counts of NYA New Highs and New Lows is a good thing to do."
Yesterday, the New Lows count was very high at 375 which was a very strong level. At the same time, the New Lows' count was at an exceptionally high level relative to its trend line.
At 375 it was quite negative to the point of being short term oversold. (Concerning: On the Medium term, the New Lows were continuing to trend higher which is a negative.