Further to my last weekly market update, here is a summary of where money flow ended for Week 3 of June 2012.
The Weekly charts below of YM, ES, NQ & TF show that the YM & ES closed lower on the prior week (forming a bearish engulfing candle on both), the NQ closed slightly higher than the prior week, and the TF closed marginally higher than the prior week…all four on lower volumes than the prior week. After a brief pop outside the downtrending channel, they all closed back inside. They're all trading just above the current month's Volume Profile POC (yellow horizontal line), and below their middle Bollinger Band. The YM, ES & TF are trading below their 1-Year Volume Profile POC (red horizontal dotted line along the right edge of the charts), and above on the NQ.
