TEAMTRADER - SORRY, I FORGOT TO POST THIS YESTERDAY. THIS IS MY BATSONAR INDICATOR WHICH MEASURES MONEY FLOW.
AS YOU CAN SEE THE INDICATOR CROSSED THE ZERO LINE BACK INTO THE "GREEN" YESTERDAY, MONDAY THE 28th AUGUST 2023. THIS WAS A "BUY" SIGNAL AND THE S&P 500 IS UP TODAY SO FAR, BY 55 POINTS.
AS YOU CAN SEE, THE INDICATOR IS WELL IN THE "GREEN", HOWEVER IT HAS "FLATTENED OUT" SOMEWHAT. IN MY EXPERIENCE, WHEN THIS HAPPENS, IT MEANS THAT THE DOW WILL FALL TOMORROW. TIME WILL TELL IF MY PREDICTION COMES TRUE.
ALSO THE S&P 500 HAS HIT THE "RESISTANCE" LEVEL OF 4,527 (SEE BLUE LINE), WHICH MEANS IT COULD FALL FROM THIS LEVEL.