The hourly chart of the Dow shows money flow heading back up into the top of the cycle. We may be near a point to short the market very near term here.
The daily chart shows the Dow money flow reaching the top of the cycle ... this is the setup you would like to see ... a move in price late in the cycle for both hourly and daily with corresponding money flow moves topping. Friday we had a 69% up volume day for the NYSE and flat money flow for the broader market.
The dollar was down which gave the market its strength.
Something for the gold bugs here ... the price of gold in Euros has not exceeded its high this past February. Something to note ... we may see a double top in the market.
The hourly chart of the Dow shows money flow heading back up into the top of the cycle. We may be near a point to short the market very near term here.
The daily chart shows the Dow money flow reaching the top of the cycle ... this is the setup you would like to see ... a move in price late in the cycle for both hourly and daily with corresponding money flow moves topping. Friday we had a 69% up volume day for the NYSE and flat money flow for the broader market.
The dollar was down which gave the market its strength.
Something for the gold bugs here ... the price of gold in Euros has not exceeded its high this past February. Something to note ... we may see a double top in the market. 
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