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Monday's Update

Monday, July 28th. - Stock Trends, Charts, and Commentary 
                           (***If you see last week's Monday Update do a refresh: Click Here

Last Monday we commented that the market was in a tough situation and it still is.  

Inflowing Liquidity was strong and keeping the market up, while the market was at lofty levels at the same time.   That was true two weeks ago and it was true last Friday.

Below is our chart showing Inflowing Liquidity levels on the NYA Index and there was a down tick last Friday that was back inside its trading range. 

If the Inflowing Liquidity levels falls below the thick red support line this week, then the market's downside pressure will become very high.

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