As I mentioned yesterday, the indexes were down at the opening. However the Nasdaq 100 pushed them up (the same as yesterday and the day before yesterday), back to the neutral territory again. Money flow on the index charts, so far, remains to be the same as yesterday at close (see mine yesterday's "Nasdaq 100" post). The only difference is that the 1-min charts have neutral money flow and on 5-min chart money flow is moving down and could become negative. I would continue to monitor 5-min chart to see whether it become bearish - so far it is bullish.
Showing posts with label Again. Show all posts
Showing posts with label Again. Show all posts
Wednesday, November 3, 2010
Monday, November 1, 2010
US Dollar Again
The S&P 500 continue to follow US dollar. The US dollar was down the indexes opened down. Now, US Dollar index rising and indexes are in decline. The indexes' volume continue to be low (in comparison to what we saw last week).
So far the indicators continue to be "lazy", mainly because of low volatility. To monitor market I simply increased indicators' bar period settings on 1-min charts.
So far, I would say the odds are better to see indexes further down.
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