Quad Market Money Flow Grid for Oil Gold Dollar and Stocks July 16

Jul 16, 2015: 2:33 PM CST

Let’s take a moment to update our mid-month Money Flow Grid for our four main markets we track.

We’ll start with the Hourly (Intraday) Grid and move up to the trends on the Daily Chart:

This is meant to be a quick update to our in-depth membership content each week.

We’re seeing the Color Chart Grid (Linda Raschke inspiration) and 3/10 Momentum Oscillator for Divergences.

Starting at the top left we see the @ES (S&P 500) power-rallying higher into the 2,110 level on divergences.

The US Dollar Index (@DX) joins the S&P 500 at new swing highs on a short-term July uptrend.

Not all markets are strong; Gold and Oil are downtrending on their short-term charts and pushing to new swing lows.

As you study these charts and “Market Structure” (Trend), pay close attention to the price movement, direction of the moving averages (rising? falling?), and of course the divergences in the 3/10 Momentum Oscillator.

For a broader perspective of Money Flow, let’s update our Daily Chart Trend Structure and Levels:

Stocks continue to trend higher in a strong uptrend (despite divergences);

Gold continues to decline in a less-impulsive (more sideways) downtrend into the key $1,140 pivot level;

Oil continues its ongoing downtrend, falling from the $62.50 pivot level toward the $45.00 pivot level;

and the US Dollar Index is catching a bid (buying pressure) as the longer-term uptrend continues.

Here’s a prior update where you can find more trending information on these markets:

“Multi-Timeframe Color Ribbon (Trend) Update for Gold, SP500, and Oil”

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Corey Rosenbloom, CMT
Afraid to Trade.com

Follow Corey on Twitter: http://twitter.com/afraidtotrade

Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).

2 Comments

2 Responses to “Quad Market Money Flow Grid for Oil Gold Dollar and Stocks July 16”

  1. To See a Bear Market, Look to Gold Not Stocks | Afraid to Trade.com Blog Says:

    […] See yesterday’s multi-market update post for a broader perspective. […]

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