We should have a bounce sometime soon. The hourly chart is oversold for the short term.
On the daily chart the money flow is almost back to the top of the range ... we would need to see the hourly money flow to move back up to the top and look to move back down before we need to even think about the daily money flow line to move back down. Today on for the NYSE we had an 85% volume down day and we has a slight money outflow.
The downward pressure for the market was the dollar.
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