I often refer to what is happening to the Institutional Investor "core holdings".

When looked at as an index, it gives a superior view of what is happening in the markets. As I have pointed out in the past, this is because over 50% of the daily volume in the market comes from Institutional Investors.

Today's daily Institutional chart may be showing a "glimmer of hope". I say "may be showing" because it has not proven itself yet, but it is at a support point worth paying attention to.

This is day 3 of holding that support and an intra-day positive bias is tentatively trying to develop ... so we could see a short term respite from the market's dropping.