Sunday, January 23, 2011

Money flow and NASDAQ 100

The EMINI index futures hold positive ground overnight not and we had confirmed negative opening once again that the stock market is very unstable. Then the NASDAQ 100 pushed the indexes 7% hike, driven by Netflix. Still, it looks about as the euphoria is and the market in its normal stream is back.

The money flow is still positive on the 15 - and 30 min charts.However, it already to negative 15 min chart moves, and there are good chances, 30 min money flow towards bears and trending tasks.When this is the case we are looking for could be negative trade today.

The U.S. dollar index is, and it can help the bears.


View the original article here

No comments:

Post a Comment