The money flow for the hourly chart has bottomed and now is moving back up in the cycle ... we are about mid-point in the cycle.
The daily chart is peaking from a money flow standpoint. Remember money flow can bounce along the top for a little while. I would wait until the hourly chart peaks here and then look to put on a near term short position with a quick trigger finger to close the trade out if money flow and price is moving against you. On Friday we had a 75% down volume day on the NYSE and the money flow was out and it was large amount that flowed out.
It is possible the dollar is making a low here ... for a while. We will just have to wait and see what the market for the dollar is going to do here ... its direction is important to prices relating to equities and commodities.
The money flow for the hourly chart has bottomed and now is moving back up in the cycle ... we are about mid-point in the cycle.
The daily chart is peaking from a money flow standpoint. Remember money flow can bounce along the top for a little while. I would wait until the hourly chart peaks here and then look to put on a near term short position with a quick trigger finger to close the trade out if money flow and price is moving against you. On Friday we had a 75% down volume day on the NYSE and the money flow was out and it was large amount that flowed out.
It is possible the dollar is making a low here ... for a while. We will just have to wait and see what the market for the dollar is going to do here ... its direction is important to prices relating to equities and commodities. 
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