Money flow and the short term indicators are pointed up ... we could see a push up in prices on a very short term basis. The primary indicator (green line with price) is pointed down.
Money flow is peaking and all the short term indicators are topping on the daily chart. I personally would not take on any new long positions here. I would wait to see what the market looks like once the money flow has cycled back to the bottom. Today we had a 60% down volume day and we did have an outflow of cash across the broader market.
The reason for the weakness in equities is ... you guessed it the dollar. We will have to wait a couple of sessions to see what kind of bottom has been made with the dollar.
Money flow and the short term indicators are pointed up ... we could see a push up in prices on a very short term basis. The primary indicator (green line with price) is pointed down.
Money flow is peaking and all the short term indicators are topping on the daily chart. I personally would not take on any new long positions here. I would wait to see what the market looks like once the money flow has cycled back to the bottom. Today we had a 60% down volume day and we did have an outflow of cash across the broader market.
The reason for the weakness in equities is ... you guessed it the dollar. We will have to wait a couple of sessions to see what kind of bottom has been made with the dollar.
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