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What The NYA Index is Showing ...

Yesterday, the NYA Index had a down tick to back inside its triangular pattern. There was an upside breach the day before, but that has dissipated ... so, there is more work to do in order to move back to the upside.

On the current triangular pattern ... we can only break-out in an up or down direction next. For now, the market is in a very high risk condition ... so be careful.

NYA Index Chart

 

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