Today's chart compares the progress of five popular indexes ... each stacked on top of each other so comparisons can easily be done.
Four out of 5 indexes were past their key resistance levels and moving higher ... except for the NYA Index.
Note how it has a pink background color and that is because it is just below its resistance line. Since this index has such a high percentage of Institutional Investor trading activity, we really need this index move above the resistance and trend higher for a healthy market.
So, keep an eye on the NYA Index as it is very important at this stage.