Money Flow

Yesterday I have mentioned about monitoring money flow on the 15- and 30-minutes charts (1 bar = 15 minutes and 1 bar = 30 minutes). Already around 3 pm yesterday you could see changes in the flow. On 5-min index charts money flow is already negative. It is still positive on the 30-min index charts, yet it moves towards negative area. Furthermore, I would expect continuation of the yesterday's decline we had at the market close.

Right now, I would not try to guess whether this decline could be strong. For this, I would recommend monitoring 60-min index charts (1 bar = 1 hour). So far, the money flow on that chart is positive which suggests that the trend on this frame is still positive and that even if we see a decline, the indexes still have prover to come back to their highs.

Another important on my opinion point is the strong bullish volume we had yesterday on all indexes. This volume surge may lead to the shift in the supply/demand and at least to halt the current advance.

P.S. You may check money flow for S&P 500, DJI, Nasdaq 100, Russell 200 and other indexes on the MarketVolume's charts (MV Charts)

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