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Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

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NYSE

Today, we are posting a daily tick chart of the NYA Index. What we would like you to observe is the open gap that still remains open at 10561.79 on Thursday's close of 10489.76.

That 10489.76 close was 0.686% away from closing its gap. If it wasn't for the June 23rd. close being a bit lower than the June 8th. close (a lower/high), it would not be as concerning.

So now, the 10561.79 has become a resistance level to keep an eye on.

(FYI ... Monday the markets are closed for the 4th. of July Holiday.)

NYSE

 

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