Money flow is peaking and is expected to turn down at some point very soon. Also, the price indicator (green line) is moving towards its cycle low. I would expect to see some type of weakness on the hourly Dow chart near term (the daily chart confirms) but once the money flow bottoms again ... we may see both indicators move in
tandem back up.
The actual money flow indicator has turned back down. Only time will tell where its going to go. With the hourly money flow at its cycle top ... we may see some weakness on the daily Dow. With the holidays here its going to be tough to try and trade the market ... my advice would be ... take the next two weeks off.
Money flow is peaking and is expected to turn down at some point very soon. Also, the price indicator (green line) is moving towards its cycle low. I would expect to see some type of weakness on the hourly Dow chart near term (the daily chart confirms) but once the money flow bottoms again ... we may see both indicators move in tandem back up.
The actual money flow indicator has turned back down. Only time will tell where its going to go. With the hourly money flow at its cycle top ... we may see some weakness on the daily Dow. With the holidays here its going to be tough to try and trade the market ... my advice would be ... take the next two weeks off.
Posts
No comments:
Post a Comment