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Further to my last weekly market update, here is a summary of where money flow ended for Week 2 of February, 2012.
First of all, the Weekly charts below of YM, ES, NQ & TF show that the week ended with some profit-taking after an attempt at a further rally. I would suggest that the lows of this past week's candles are important support levels to watch, for the following reasons.
Most of you have probably already seen the bullgasm happening over at Barron's. Here's their cover for the week:
As my loyal readers already know, almost every indicator I follow, both technical and sentiment, is bearish.
But, something today made me particularly happy.
