But we can see that a weaker Yen attracted buyers while money seemed to be also buying US Treasuries here. Hence, I suspect that a reversal of the current move should be expected, with as a consequence lower equities prices.
The EV pattern on the US$ also continued to display weakness. Maybe also some sort of bet on a reversal?
But the VNQ REIT ETF continued showing a positive LEV divergence.
We can see that the QQQ/IWM ETFs still attracted good money,
However, the SPY ETF's EV pattern started to weaken, while the more speculative QLD ETF's EV pattern is now trending down.
The NQ8 Money Flow was rather flat yesterday. I had been expecting much stronger buying as a consequence of the continued positive Money Flow from Japan. This tells us that the market needs to take a pause or probably pulls back from here.
On a side story, you will note the very negative Money Flow on the TSX60.
Conclusions:
Since buyers did not push equities back up yesterday, it will be more difficult for markets to move higher today, except if there is some Fed/tax related positive news.
Many charts point to traders betting on some sort of reversal, despite the higher US/Japanese interest rates differentials.
