Wednesday, May 8, 2013

S&P 500 Futures Chaikin Money Flow Stalls

The reversal from New Highs at Woodie's Monthly R1, at this point has also brought a turning of Chaikin Money Flow at al three Fibonacci Intervals above: 3-short; 21-intermediate; 89-inter/long. The extremely low volume at the Highs we pointed to earlier is absolutely seen by both algorithms and traders, alike.