• 692 days Will The ECB Continue To Hike Rates?
  • 692 days Forbes: Aramco Remains Largest Company In The Middle East
  • 694 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,094 days Could Crypto Overtake Traditional Investment?
  • 1,099 days Americans Still Quitting Jobs At Record Pace
  • 1,101 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,104 days Is The Dollar Too Strong?
  • 1,104 days Big Tech Disappoints Investors on Earnings Calls
  • 1,105 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,107 days China Is Quietly Trying To Distance Itself From Russia
  • 1,107 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,111 days Crypto Investors Won Big In 2021
  • 1,111 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,112 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,114 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,115 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,118 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,119 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,119 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,121 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

A Danger Area for the NYA Index?

I just finished posting the paid subscriber Members.

To say the least, conditions are very dangerous ... now to today's update.


Will the NYA Index hold now?

That is the big question now ... will the NYA hold in the next few days?

Take a quick look at today's NYA Index chart below. Note yesterday's tick and how it went down, but stopped at its 10676.44 gap level.

Yesterday's down tick officially closed the gap, so now, today and tomorrow will ave to be watched very carefully to see if it can continue holding the gap's support level.

The advantage at the close yesterday was that short term conditions were very oversold, which favors a counter, up move today. This just isn't a Caution area, it is a Danger area.

NYA Index

 

Back to homepage

Leave a comment

Leave a comment