Today, we are posting a daily tick chart of the NYA Index. What we would like
you to observe is the open gap that still remains open at 10561.79 on Thursday's
close of 10489.76.
That 10489.76 close was 0.686% away from closing its gap. If it wasn't for
the June 23rd. close being a bit lower than the June 8th. close (a lower/high),
it would not be as concerning.
So now, the 10561.79 has become a resistance level to keep an eye on.
(FYI ... Monday the markets are closed for the 4th. of July Holiday.)
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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