Marty Chenard Blog | This chart does not do justice to the current market conditions, so be very careful ... | Talkmarkets
Senior Technical Analyst at StockTiming.com
Contributor's Links: StockTiming.com

Hi, I’m Marty Chenard, the Senior Technical Analyst for StockTiming.com.  I have been investing in the stock market for over 46 years, have created and taught two different Advanced Technical Analysis Seminars and am the creator and developer of the Super Accelerator Timing System, ... more

This chart does not do justice to the current market conditions, so be very careful ...

Date: Friday, May 20, 2016 10:56 AM EDT

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.

 

 

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