The intermediate indicator (green line) is pointed up ... however ... the shorter term indicators are looking very overbought. I would not be surprised either way of the shorter term price movement.
Money flow is cycling back up ... we should continue to see price strength here over the next few days ... not to say we may have a pull back or two. Today was an 84% up day for volume on the NYSE and we did have a positive inflow of cash on the broader market.
This is the real reason for today's price appreciation in equities ... the dollar was down.
The intermediate indicator (green line) is pointed up ... however ... the shorter term indicators are looking very overbought. I would not be surprised either way of the shorter term price movement.
Money flow is cycling back up ... we should continue to see price strength here over the next few days ... not to say we may have a pull back or two. Today was an 84% up day for volume on the NYSE and we did have a positive inflow of cash on the broader market.
This is the real reason for today's price appreciation in equities ... the dollar was down. 
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