Money flow for the hourly Dow chart has cycled back to the top ... it looks like all the other indicators have done the same as well with the exception of the primary trend indicator (green line). I would think we may see some weakness near term but some strength beyond due to where the primary indicator is located in its cycle.
The daily chart shows money flow has made a turn ... but not upward just yet. It is very possible we have seen a mini cycle low with higher prices for the future. I would look to buy a strong breakout only if we have STRONG volume with price. One item that does concern me is that today for the Dow and S&P 500 was one of the weakest volume days for the entire year ... not what I would want to see with a large price move. Today we had a large cash flow on the broader market with an 86% up volume day for the NYSE. We may be on a jet rocket to 12,500 for the Dow or higher.
Money flow for the hourly Dow chart has cycled back to the top ... it looks like all the other indicators have done the same as well with the exception of the primary trend indicator (green line). I would think we may see some weakness near term but some strength beyond due to where the primary indicator is located in its cycle.
The daily chart shows money flow has made a turn ... but not upward just yet. It is very possible we have seen a mini cycle low with higher prices for the future. I would look to buy a strong breakout only if we have STRONG volume with price. One item that does concern me is that today for the Dow and S&P 500 was one of the weakest volume days for the entire year ... not what I would want to see with a large price move. Today we had a large cash flow on the broader market with an 86% up volume day for the NYSE. We may be on a jet rocket to 12,500 for the Dow or higher. 
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