The Predominant Trend ...

By: Marty Chenard | Mon, Oct 17, 2016
Print Email

Today's update is as of last Friday's close ... The predominant trend has not yet shifted to a down trend yet as seen in the chart below that shows 5 key indexes.

The Institutional Index, the SPY, and the NDX./QQQ, were above theirĀ  horizontal resistance/support lines.

The NYA and the IWM were below their thick black horizontal resistance lines. (The IWM did lose ground since last week and needs to hold this week.)

Institutional Index of Core Holdings, NYA Index, SPY, NDX and IWM Charts

 


 

Marty Chenard

Author: Marty Chenard

Marty Chenard
StockTiming.com
Asheville, NC 28805
Tel: 828-296-1200

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.

StockTiming.com is dedicated to Stock Market Investors who want the best information on stock charts, stock market trends, stock market timing and technical analysis.

Be My Guest and Take Advantage of Our Free Membership ... Get a Free Membership to StockTiming.com ... Youll receive important daily messages before the market opens and direct links to todays important web pages. Information and messages that are often not posted on our website. There is no obligation or expectation on our part ... it is just our way of proving our accuracy and timing expertise to you. Please click here for your Free Membership.

Copyright © 2006-2017 Marty Chenard

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com