Monday, May 6, 2013

Broad Market Money Flow Vs S&P 500 (SPY)

The chart above illustrates the participation of bullish money flow on Friday's breakout (blue circles) versus the last move higher which lacked follow higher by money flow (green circles) which saw a deeper pullback (green arrow). Based on this and the overall positive trend of money coming into the market, ShadowTraderPro Swing Trader anticipates continued buying of pullbacks and higher prices yet for this year's broad market rally.