The Dow hourly chart shows that money flow has cycled to a low and looks to be headed back up. This should support the market some.
The daily chart show money flow has almost peaked ... looking at the daily money flow - when it peaks the daily should be very close to peaking. This MIGHT setup an opportunity to trade the market short with the ETF TZA (I would only look for a few points out of this trade at this time). Something I would be thinking about IF the market gives the trade to you. Friday was a weird day from a metrics perspective we had a ton of money to flow into the market on heavy volume and the up/down volume % was 50/50.
The dollar gave it a rest on Friday ... looks that it has made some type of bottom ... be careful ... it may not be THE bottom.
The Dow hourly chart shows that money flow has cycled to a low and looks to be headed back up. This should support the market some.
The daily chart show money flow has almost peaked ... looking at the daily money flow - when it peaks the daily should be very close to peaking. This MIGHT setup an opportunity to trade the market short with the ETF TZA (I would only look for a few points out of this trade at this time). Something I would be thinking about IF the market gives the trade to you. Friday was a weird day from a metrics perspective we had a ton of money to flow into the market on heavy volume and the up/down volume % was 50/50.
The dollar gave it a rest on Friday ... looks that it has made some type of bottom ... be careful ... it may not be THE bottom.
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