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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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Is There a Concern?

The predominant trend has not yet shifted to a down trend yet as seen in the chart below that shows 5 key indexes.

But, at the same time, the market is in a high volatility posture with high potential Danger levels.

Is there a concern?

The question could very well be: "Why hasn't the NYA Index risen above a key resistance line when the other indexes have"?

SPY, NYSE, NDX, IWM and Institutional Index of Core Holdings Charts

 

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