The actual money flow has reached the bottom but the modified money flow still has a little to go. All other indicators except the price (green line) has bottomed. I would not be surprised if we were to see some strength Monday or Tuesday but I don't know for how long.
Money flow indicator (blue line) and all the other indicators have reached a bottom except price (green line). The direction of the dollar is going to drive the price of equities. Friday we had a 95% down volume day but the commercials loaded up on stocks. Big money is betting this downside move is over for the short term. I would tend to agree based solely on the technical indicators but I don't know for how long.
The indicators are showing the dollar is due for a short term correction. We may see a double bottom before the dollar really starts to move up.
The actual money flow has reached the bottom but the modified money flow still has a little to go. All other indicators except the price (green line) has bottomed. I would not be surprised if we were to see some strength Monday or Tuesday but I don't know for how long.
Money flow indicator (blue line) and all the other indicators have reached a bottom except price (green line). The direction of the dollar is going to drive the price of equities. Friday we had a 95% down volume day but the commercials loaded up on stocks. Big money is betting this downside move is over for the short term. I would tend to agree based solely on the technical indicators but I don't know for how long.
The indicators are showing the dollar is due for a short term correction. We may see a double bottom before the dollar really starts to move up.
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