Money flow (blue line with price) has bottomed on the hourly chart for the Dow. As well as the other indicators.
The daily chart shows the money flow close to bottoming as well but the price indicator (green line) has not followed it down. Today we had a 90% down volume on the NYSE and we had a large outflow of cash for the broader market. I would think we might see a window to trade long here for the short term ... I would not be surprised to see some more weakness on the hourly chart first before we move back up.
The dollar is up and equities are down ... its that simple.
Money flow (blue line with price) has bottomed on the hourly chart for the Dow. As well as the other indicators.
The daily chart shows the money flow close to bottoming as well but the price indicator (green line) has not followed it down. Today we had a 90% down volume on the NYSE and we had a large outflow of cash for the broader market. I would think we might see a window to trade long here for the short term ... I would not be surprised to see some more weakness on the hourly chart first before we move back up.
The dollar is up and equities are down ... its that simple.
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