The chart below shows a Point & Figure chart of the Institutional Investor "core
holdings".
What is it showing?
It is showing that the Institutional "core holdings" is moving up, but
is about to reach and test a resistance level going back to November 2014.
It has tested this level 4 times before and pulled back afterwards. That will
make this an important test level as we need to see a breakout above the resistance
line or we will be facing a pull-back in the market.
Marty Chenard is an Advanced Stock Market Technical Analyst that has developed
his own proprietary analytical tools and stock market models. As a result,
he was out of the market two weeks before the 1987 Crash in the most recent
Bear Market he faxed his Members in March 2000 telling them all to SELL. He
is an advanced technical analyst and not an investment advisor, nor a securities
broker.
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