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NYA Index Below its July to September (2014) Resistance Line

Have you noticed?

Noticed that the NYA Index is the only index (out of the Institutional Index, the SPY, the NDX, and the IWM) that is below its July to September (2014) resistance line.

This is a very dangerous condition because Institutional Investors use the NYA Index heavily. Below is yesterday's NYA Index chart.

NYA Index Chart

 

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