The NQ8 Money Flow looks rather negative today, but the 20DMF doe snot show fear for now.
Not buying anything here.
Pascal
The NQ8 Money Flow looks rather negative today, but the 20DMF doe snot show fear for now.
Not buying anything here.
Pascal
Buyers on strike today.
Pascal
Pascal, second day with this divergence. Been watching on RT. Do you think lighter than normal volume could be contributing to this?
As I explain in today's comment, this was probably only due to morning weakness in FB/AMZN/GOOGL.Originally Posted by flywest
I shorted the S&P500 when I posted this message but covered the short when the 20DMF Reversed higher. This buying of morning weakness reinforces the bullish case of stocks, especially non NQ8 large stocks.
Pascal
Got it thanks! Since indices were moving up without those Faang stocks i surmised we'd see some price weakness later in day. Wow what a move.
Take care
Really impressive systematic buying. It is as if there was some constant/regular liquidity injection.
Is it a central bank initiated message?
Pascal
When liquidity is not present then bounces are not sustainable.
Pascal
The 20DMF and the NQ8 still feel heavy today, but it is Friday and algos might have been disconnected waiting for Monday and hoping that no trade war issues will emerge over the weekend.
Pascal
Today we are in an everything-for-sale type of environment.
The 20DMF turned short intraday.
Pascal
Activity is slightly positive today, but not impressive.
Pascal
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