Friday, March 2, 2012

US money flow 1.3.2012

US cumulative money flow still on a negative side. During last 10 days, there's been only 4 days with positive money flow.

Yet, S&P 500 is seemingly flirting with it's longer term resistance at 1376,1. Upper resistance lies on Fibonacci level 1381,5. 

It seems that big players are not believing for further upside and have been (or started) selling near important resistance.