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Five key indexes and their action ...
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.
Please click on the link below for today's complete commentary and chart:
http://www.stocktiming.com/Friday-DailyMarketUpdate.htm
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