Here is a chart of the daily Dow. All indicators are moving back up into the top of the cycle. We could see some weakness when money flow reaches the top of the cycle of overbought on all indicators. Today we had just under $800 million of cash inflow into the broader market with a 68% up volume day.
Same picture here as the daily pretty much. All indicators are heading back up in the cycle including money flow (blue line). Interesting that price and the tick data have not made new highs here. Something to watch ... we could see some short term weakness.
Here is a chart of the daily Dow. All indicators are moving back up into the top of the cycle. We could see some weakness when money flow reaches the top of the cycle of overbought on all indicators. Today we had just under $800 million of cash inflow into the broader market with a 68% up volume day.
Same picture here as the daily pretty much. All indicators are heading back up in the cycle including money flow (blue line). Interesting that price and the tick data have not made new highs here. Something to watch ... we could see some short term weakness.
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