|
|
Money flow on 1-min and 5-min charts is negative.
On 15-min chart money flow is positive.
On 30-min chart is neutral, yet close to negative.
Hourly charts have negative money flow.
Strong volume was seen today on the Nasdaq 100 and DJI. While on daily charts this volume looks bearish (these indexes are down for the day), on intraday time-frames this high volume is clearly bullish. On the Russell 2000 and S&P 500 volume was at its regular level - no greedy buying and no panic selling.
Advances and declines on most of the indexes continue to be in the negative area.
US Dollar Index hit the tops seen on October 19, and October 27 2010.
There are no nay big economic reports tomorrow - only consumer sentiment from the Michigan University.
Overall, despite the today's recovery from initial swing down, I'm still bearish. Yet, I could be wrong, therefore I would recommend checking charts by yourself.
No comments:
Post a Comment