S&P 500

I'll try to be short today. A few things:

- Hourly, 30-min and 15-min S&P 500, DJI and NASDAQ 100 charts have negative money flow - this is a bearish sign;

- 5-min chart has positive money flow which suggests that we may see some positive trading tomorrow. If this is the case, I would monitor 15- and 30-min charts for changes in the money flow on them;

- Volatility is growing and this is bearish sign;

- Trading volume is still high, yet we already may see decreasing tendency;

- Over the lat couple of months the S&P 500 index's trend is exactly opposite to the US Dollar index's trend and today's session was not an exception. There is a good increase in volume on US dollar index and I would say that this may indicate a possibility of Dollar going up. If this happens we may see the S&P 500 index decline.

It is already seven trading session as the S&P 500 is in side-way volatile action. Upper and lower lines of this side-way corridor are already defined. Conservative traders may simply wait when one of these lines is broken as a confirmation of either trend.