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Friday's Update

Friday, May 20th. - Stock Trends, Charts, and Commentary
                                              (*** If you see last week's Tuesday Update: Click Here)

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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