$NYA weekly Point & Figure chart remains in limbo for now in terms of directional clarity, though bulls appear to be weakening to a limited degree ...this condition could change quickly in either direction -
* bulls need to defend the 21-day moving average if and when tested from above ... while the bearish case's Staying Power will depend on holding price action below the 21-day SMA
* bulls must eventually hold price above the declining 5-month SMA to provide higher confidence in the probable Staying Power for the potential upward direction by US equities
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