This chart does not do justice to the current market conditions, so be very careful ...NDX, QQQ, NYA, NDX, Institutional Index.
Be very Cautious ...
This chart does not do justice to the current market conditions, so be very careful.
Today's Chart ... We are now in a very high stress condition.
The Institutional Index, the SPY, and the NDX./QQQ, were above their horizontal resistance lines.
The NYA and the IWM were below their horizontal resistance lines.
The negative? The Institutional Index, the NDX/QQQ and the SPY were all trending lower in spite of being above their resistance lines.
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