Money Flow

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5-min charts (1 bar = 5 minutes) are showing declining money flow on major indexes (S&P 500, DJI, Nasdaq 100 and Russell 2000) by the session's end. This would suggest the possibility of negative trading tomorrow after the market open. On the other hand 30-min charts (1 bar = 30 minutes) and 15-min (1 bar = 15 minutes) charts for the same indexes are showing flat money flow (result of today's side-way trading). This would suggest uncertain sentiment on these charts. However, the money flow remains slightly more in negative area. At the same time we may see solid bearish volume accumulation on 15- and 30-min charts which could serve as a fuel for some upward momentum.

Overall, I would say that we have uncertain sentiment and the odds are equal to see bullish or bearish trading tomorrow. Still, taking into account bearish sentiment on the longer-term charts we may assume that the odds are slightly on the side of the Bears. Another point into the favor of bears is that today's decline in US Dollar index did not stimulate bullish traders. I would continue monitoring 30-min chart for clearer Money Flow direction, as it may define next trading session's sentiment.