krisu619

Money flowing out of the market & a major momentum switch!!

Short
SPCFD:SPX   S&P 500 Index
The market is bouncing around key support & resistance levels but some of them are soon due to be broken. The squeeze momentum indicator is signaling a first bear run since the drop in February–March. Also, the money flow index indicates that the money is rapidly heading out of the market.

When combining technical analysis with the fundamentals of the economy I see it more than suitable for the market to see a major pushback.

Comments

Yeah!
+1 Reply
Not the biggest push back but a good one seeing as everyone sold their puts Thursday EOD.. wonder what Monday has for us
Reply
stalexxx maxpowers67
@maxpowers67, what is your best guess?
Reply
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