Be very Cautious ...
This chart does not do justice to the current market conditions, so be very careful.
Today's Chart ... We are now in a very high stress condition.
The Institutional Index, the SPY, and the NDX./QQQ, were above their horizontal resistance lines.
The NYA and the IWM were below their horizontal resistance lines.
The negative? The Institutional Index, the NDX/QQQ and the SPY were all trending lower in spite of being above their resistance lines.