Wednesday, May 20th. - Stock Trends, Charts, and Commentary (***If you see last week's Wednesday Update: Click Here)
A Major test coming up?
The chart below shows a Point & Figure chart of the Institutional Investor "core holdings".
What is it showing?
It is showing that the Institutional "core holdings" is moving up, but is about to reach and test a resistance level going back to November 2014.
It has tested this level 4 times before and pulled back afterwards. That will make this an important test level as we need to see a breakout above the resistance line or we will be facing a pull-back in the market.
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