The hourly chart is showing money flow and price has cycled back to the top of the range. Also, other indicators at the bottom of this chart are showing topping divergences. The tick data is also moving sideways ... I wonder how weak the market really is on this latest move up in price.
All indicators are pointed up ... on a daily basis we are showing strength ahead ... we MAY see a few more days of price support but it still all going to come down to what the dollar is going to do and go in the mean time. On Friday money flow and up/down volume were basically even on the market.
Will the dollar make a small double bottom here and move back up or is the downward trend back in play?
The hourly chart is showing money flow and price has cycled back to the top of the range. Also, other indicators at the bottom of this chart are showing topping divergences. The tick data is also moving sideways ... I wonder how weak the market really is on this latest move up in price.
All indicators are pointed up ... on a daily basis we are showing strength ahead ... we MAY see a few more days of price support but it still all going to come down to what the dollar is going to do and go in the mean time. On Friday money flow and up/down volume were basically even on the market.
Will the dollar make a small double bottom here and move back up or is the downward trend back in play?
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