This will be an important day because a formidable battle is going on.
Institutional Investors have been in Distribution, and the Fed will step up to the plate today and try to avert any negative consequences.
This battle is actually reflected in the action of the NYA Index as seen below. Note how it recently made a lower/high. It is really important that it does not make a lower/low now and go below 10557.61.
Why is that? Because it recently made a lower/high, and if it now makes a lower/low, then that would signify a shift to a down trend.
