Dangerous Index conditions?


Five key indexes and their action … 

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.

*** (Feel free to share this page with a friend or colleague.)  Click on the link below if you would like to send a page link of today’s update to a friend or colleague.