Money flow is pointed up for the hourly Dow chart. All the shorter term price indicators at the bottom have peaked or are close to peaking. We could see some more upside or sideways movement in price based on the money flow indicator (blue line).
The main trend for stocks are about to turn up ... both money flow (blue line with price) and the bottom two indicators (short term measure of price) have both bottomed and at looking to turn up. The only question is how strong will this support be in terms of price appreciation? Only time will tell. I just think the market is going to move up from here while we will see some divergences in sector indexes. Friday we had an up volume day on the NYSE with 66%.
Money flow is pointed up for the hourly Dow chart. All the shorter term price indicators at the bottom have peaked or are close to peaking. We could see some more upside or sideways movement in price based on the money flow indicator (blue line).
The main trend for stocks are about to turn up ... both money flow (blue line with price) and the bottom two indicators (short term measure of price) have both bottomed and at looking to turn up. The only question is how strong will this support be in terms of price appreciation? Only time will tell. I just think the market is going to move up from here while we will see some divergences in sector indexes. Friday we had an up volume day on the NYSE with 66%. 
Posts
No comments:
Post a Comment