The emini index futures did not hold the positive ground overnight and we had negative opening today which confirms one more time that the stock market is quite unstable. Then the Nasdaq 100, driven by Netflix 7% hike pushed the indexes up. Yet, it looks like the period of euphoria is over and the market is back into its normal stream.
The money flow is still positive on the 15- and 30-min charts. However, it already moves toward negative territory on 15-min chart and there are good odds that 30-min money flow will be trending toward bears as well. If this is the case we could be looking for negative trading today.
The US Dollar index is up and it may help the bears.
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