Money flow has reached back to the top ... look like the tick data has pulled itself back up to a respectable level. I wonder out loud if we are in for weaker prices?
Based on the daily chart we are at the bottom of the money flow cycle. That does not mean the market will automatically go up from here ... what it tells us that the probability is higher that we will see some money flowing into the market to support or push prices up.
Totay we had over 60% plus up volume day for the NYSE.
The dollar still looks to be topping short term.
Money flow has reached back to the top ... look like the tick data has pulled itself back up to a respectable level. I wonder out loud if we are in for weaker prices?
Based on the daily chart we are at the bottom of the money flow cycle. That does not mean the market will automatically go up from here ... what it tells us that the probability is higher that we will see some money flowing into the market to support or push prices up. Totay we had over 60% plus up volume day for the NYSE.
The dollar still looks to be topping short term.
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