Money flowing into the stocks yesterday was strong enough to be
interpreted as a bullish signal for the broad market. Please
observe the chart below.
The amount of money transacted at every tick during yesterday's
session was larger on upticks than it was on downticks by a healthy
percentage. This pattern was broadly based across many sectors. The
result was a break higher by the money flow reading on a day of
further price consolidation by the S&P 500 Index.
This is a bullish event that raises the probability of the
market moving higher in the near term.
Money flow by Tick Vs. SP500 index
Posted by zach06 on 10th of Jan 2012 at 07:12 am
Money flowing into the stocks yesterday was strong enough to be interpreted as a bullish signal for the broad market. Please observe the chart below.
The amount of money transacted at every tick during yesterday's session was larger on upticks than it was on downticks by a healthy percentage. This pattern was broadly based across many sectors. The result was a break higher by the money flow reading on a day of further price consolidation by the S&P 500 Index.
This is a bullish event that raises the probability of the market moving higher in the near term.
Money flow
Posted by jrocean on 10th of Jan 2012 at 09:30 am
very interesting. Well done, Zach
Title: That's great Zach Where can
Posted by brophy on 10th of Jan 2012 at 09:11 am
Where can I get that chart to watch it in the future? thanks for sharing.
broph