Money flow has hit bottom (blue line with price chart) and price looks to be catching up (green line with price chart). Based solely on the indicators we may be close to some type of bottom or we could bounce along here. I do admit ... I thought we would see some strength based on the primary trend with the Daily money flow for the Dow (see chart below).
Is money flow going to stop in its tracks and rollover here? Very possible ... as it looks we may be at the top for a market rollover. Jobless claims were up today ... this may be the cause for today's loss.
Money flow has hit bottom (blue line with price chart) and price looks to be catching up (green line with price chart). Based solely on the indicators we may be close to some type of bottom or we could bounce along here. I do admit ... I thought we would see some strength based on the primary trend with the Daily money flow for the Dow (see chart below).
Is money flow going to stop in its tracks and rollover here? Very possible ... as it looks we may be at the top for a market rollover. Jobless claims were up today ... this may be the cause for today's loss.
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