Daily Archives: May 19, 2012

Money Flow for May Week Three

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Further to my last weekly market update, here is a summary of where money flow ended for Week 3 of May 2012.

The Weekly charts below of YM, ES, NQ & TF show that they all closed much lower than the prior week on higher volumes. They have now broken out of their ranges from January. The YM, ES & NQ are sitting above their weekly 50 sma, while the TF has closed below…whether they find short-term support at these levels remains to be seen.