Update

By: Marty Chenard | Mon, Oct 31, 2016
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The Institutional Index, the SPY, and the NDX./QQQ, were above their horizontal resistance/support lines.

The IWM was below its thick black resistance line. The NYA was below its thick black horizontal resistance line.

The IWM (the ETF for the Russell 2000) is the concern now.  This is the weak link in the chain, so keep a careful eye on the IWM now and be extra cautious in the market.

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

 


 

Marty Chenard

Author: Marty Chenard

Marty Chenard
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