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Remember The Old Adage of 'The trend is your friend'

Three out of five of these indexes were above their resistance lines (see the chart below). The other two (the NYA Index and the IWM were below their resistance lines).

BUT .. all five were in a technical down trend. Note that I drew blue resistance lines on each of the five indexes.

Remember the old adage of "The trend is your friend".

Institutional Index of 'Core Holdings', NYA Index, SPY, NDX Index and IWM Index Charts

 

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