Update on Institutional Investor Activity ...
Today's updated Institutional point & figure chart shows you the action of their "core holdings" since the end of last December.
The not so good news is that the value of the Institutional "core holdings" have breached its rising channel so serious damage has been done.
It was showing consolidation yesterday, so it may have reached an oversold level. We shall know by the close on Monday.
If the Institutional "core holdings" can garner the strength to move higher, then its longer term danger would be if its next move was a lower/high that was followed by a downside move from there.