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Marty Chenard

Marty Chenard

Marty Chenard is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools and stock market models. As a result, he…

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Watch The Institutional Investor's 'Core Holdings' ...

The "core holdings" held by Institutional Investors are now showing a double breach and "in between" condition.

A double breach of what?

A double breach of its rising wedge pattern because the value of the "core holdings" has closed below and above the rising wedge's support and resistance lines.

Yesterday's P&F chart of the Institutional "core holdings" showed that the Institutional "core holdings" value was below the rising wedge and below a lesser support. So, it was in between the high and the low of the recent breaches.

That makes it an "in between", mixed condition as it tries to figure out its next direction. (The next 48 hours will be very important.)

Institutional Core Holdings Chart

 

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