True or False? - Institutional Selling action determines the short to medium term direction of the market.

This morning, we decided to just give you the chart showing the data and trending of Institutional Selling. And then ... let you be the judge.

Today's chart show's the daily action of the NYA Index versus the Institutional Selling Action and its trending.

Take a moment to look at the Institutional Selling trend lines to see if the Institutional Selling was trending higher or lower. Obviously, higher trending Selling action would mean a down moving market ... and vice-versa.

So, after looking at the data, what was your conclusion?

FYI: This chart is part of a daily chart that we post for the paid subscribers every day in Section 5.