A Danger Area for the NYA Index?
I just finished posting the paid subscriber Members.
To say the least, conditions are very dangerous ... now to today's update.
Will the NYA Index hold now?
That is the big question now ... will the NYA hold in the next few days?
Take a quick look at today's NYA Index chart below. Note yesterday's tick and how it went down, but stopped at its 10676.44 gap level.
Yesterday's down tick officially closed the gap, so now, today and tomorrow will ave to be watched very carefully to see if it can continue holding the gap's support level.
The advantage at the close yesterday was that short term conditions were very oversold, which favors a counter, up move today. This just isn't a Caution area, it is a Danger area.