I am going to show you the hourly chart of DIA which the ETF of the Dow. I wanted to see where the money flow (blue line with the price chart) was headed in the near term ... it looks to be heading up. Based on the two bottom indicators and the money flow ... we "MAY" see some more strength in the hours ahead in trading. Based on the consumer confidence index today ... we should see bright and shinny skies ahead.
Money flow is cycling back up here as well as the two shorter term indicators at the bottom of the chart. I think this also gives the market some near term support. Today we had a 59% up volume day with $750 million in cash inflow for the broader market.
The dollar was even today ... we may be finding some support here. This should determine the price of commodities and equities over the next few months and maybe longer.
I am going to show you the hourly chart of DIA which the ETF of the Dow. I wanted to see where the money flow (blue line with the price chart) was headed in the near term ... it looks to be heading up. Based on the two bottom indicators and the money flow ... we "MAY" see some more strength in the hours ahead in trading. Based on the consumer confidence index today ... we should see bright and shinny skies ahead.
Money flow is cycling back up here as well as the two shorter term indicators at the bottom of the chart. I think this also gives the market some near term support. Today we had a 59% up volume day with $750 million in cash inflow for the broader market.
The dollar was even today ... we may be finding some support here. This should determine the price of commodities and equities over the next few months and maybe longer. 
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Glad to know it helps. Let me know if you have any questions.
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