The_Unwind
Short

Chaikin Money Flow CMF .. An IndispensableTrading Indicator

SPCFD:SPX   S&P 500 Index
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The Chaikin Money Flow Indicator, CMF
which is a constant on my tradingview.com platform
continues to reveal constant selling pressure in the S+P 500
that seems unabated, even when prices are rallying.

Look at the indicator for the first trading day of 2019.
As prices rallied back from the lows of the day,
the Chaikin Money Flow Indicator was telling a completely different story.

As seen on the CMF chart included in this article,
distribution or underlying selling pressure,was in a steep rise throughout the day
and was not supporting price rise. That is called clear divergence.

That invaluable information is giving you the first clues
that the late price rally in the S+P 500 is very suspect at best.

Indicators can have various functions that can add great illumination to price analysis.

The Chaikin Money Flow CMF , Indicator is such an indicator.
It is an indispensable tool, that every trader should use each day in the market.

THE_UNWIND
1/3/19
NEW YORK

Comments

The algos just loves to create wedges and consolidations the last days. boring. hopefully one more move down soon
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Thanks unwind. I should’ve gotten out of my long position last night but its all good. I was able to get out still with a profit.
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Just started following you about a month ago and am learning a great deal! Keep up the great work you’re a wealth of knowledge for me:) Happy New Year!
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The_Unwind harvs12
@harvs12,

Thanks very much. Go Bruins !
+1 Reply
Appreciate this so much, you actually have no idea. Thank you!!! I hope you can use a snowmobile for the cash piled up in front your door, its starting to block my view for the kids playing in the garden.. ;)
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The_Unwind ladiesloveit
@ladiesloveit,

Ha. Well good things happen to those who deserve it
I hope your new year is blessed with untold riches.
Reply
I also love your posts! Much better analysis than you get from most of the media! ;) I am going to check this indicator out.
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@xnyl98,

Thanks so much. Really beautiful words.


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Love your posts! I use CMF on every chart and agree w/ your sentiments. Keep up the great analysis!
Reply
The_Unwind drewpart75
@drewpart75,

Thank you very much Drew. You made my morning :)
Reply
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