Large Money Flow out the S+P 500 ,
as price has rallied towards 2800 Major Resistance
leaves the stock market at significant risk !
As presented here for the first time,
the CMF Chaikin Money Flow Indicator
shows an almost straight down exodus of large money out of the S+P 500,
as price has rallied back above the trend following 200 Day Moving Average.
I'll leave you to decide which is more significant.
Eight straight up weeks in the market since Christmas Eve 2018,
to turn the crowd psyche extremely bullish, and meaningfully complacent,
or the Money Flow... which is suddenly giving a screaming "Sell Signal"
SPX Last 2775.60
THE_UNWIND
2/16/19
NEW YORK
as price has rallied towards 2800 Major Resistance
leaves the stock market at significant risk !
As presented here for the first time,
the CMF Chaikin Money Flow Indicator
shows an almost straight down exodus of large money out of the S+P 500,
as price has rallied back above the trend following 200 Day Moving Average.
I'll leave you to decide which is more significant.
Eight straight up weeks in the market since Christmas Eve 2018,
to turn the crowd psyche extremely bullish, and meaningfully complacent,
or the Money Flow... which is suddenly giving a screaming "Sell Signal"
SPX Last 2775.60
THE_UNWIND
2/16/19
NEW YORK