Basically no change in the last few days. The main indicator of price (green line) is beginning to wear off the overbought signal by the market simply moving sideways.
I did want to point out that the Transports were weaker by comparison to the Dow today. This could be a small divergence in the two prices to show some very near term weakness.
The money flow line is beginning to move back down after topping in the last few days. If one is going to short ... now is the time ... but understand that the main trend of the market is still up and I would only expect a few points to be gained. I would use a very tight stop loss. Today the NYSE posted a 50/50 on the volume up/down in price. We did see almost a billion in outflows from the broader market ... the big banks lead the money moving out on strength.
Basically no change in the last few days. The main indicator of price (green line) is beginning to wear off the overbought signal by the market simply moving sideways.
I did want to point out that the Transports were weaker by comparison to the Dow today. This could be a small divergence in the two prices to show some very near term weakness.
The money flow line is beginning to move back down after topping in the last few days. If one is going to short ... now is the time ... but understand that the main trend of the market is still up and I would only expect a few points to be gained. I would use a very tight stop loss. Today the NYSE posted a 50/50 on the volume up/down in price. We did see almost a billion in outflows from the broader market ... the big banks lead the money moving out on strength. 
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