Are the majority of indexes in a down trend or up trend?

Surprise … when you look at at a combination of Indexes, you will find that only one of 5 indexes were above their resistance lines.

The worrisome concern is that most of the other indexes were in a technical down trend … making lower/highs and lower/lows. (Please see the chart below.)

This does not represent a strong market on the longer term, so investors should be very cautious.

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