The hourly Dow indicator (green line) is pointed down. I think with the money flow on the daily chart and with the shorter term indicators on the hourly chart ... we MAY see some strength this week. Note ... I said "MAY".
The daily chart has the money flow is now finally turning up ... and with the actual money flow indicator we are seeing a bullish divergence. This is why I believe we are going to see some strength here or at least some sideways price movement over the next few days. Note: Anything can occur in the financial markets ... they will move were they want to move regardless of what I think or feel or believe. Friday we had basically an even money flow day for the broader market and the NYSE had a 79% down volume day.
Its still going to come down to this ... the dollar. I wish I really knew and I'm sure many others wish they knew which direction this is going to trend. If the dollar moves up ... then ZSL is still in play.
The hourly Dow indicator (green line) is pointed down. I think with the money flow on the daily chart and with the shorter term indicators on the hourly chart ... we MAY see some strength this week. Note ... I said "MAY".
The daily chart has the money flow is now finally turning up ... and with the actual money flow indicator we are seeing a bullish divergence. This is why I believe we are going to see some strength here or at least some sideways price movement over the next few days. Note: Anything can occur in the financial markets ... they will move were they want to move regardless of what I think or feel or believe. Friday we had basically an even money flow day for the broader market and the NYSE had a 79% down volume day.
Its still going to come down to this ... the dollar. I wish I really knew and I'm sure many others wish they knew which direction this is going to trend. If the dollar moves up ... then ZSL is still in play.
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