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The Daily BSI (Breadth Summation Index) is made up of a handful of Breadth and Momentum indicators and is a good measure of oversold and overbought conditions. It is interpreted as Bullish when turning up from low levels since we can climb significantly before reaching overbought, and Bearish when turning down from high levels for the same reason. It shows the potential risk/reward on a trade depending on its position relative to recent history, but it is more volatile than the Weekly BSI and best used coupled with other analysis as done for subscribers.
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