Hartle & Flow

So far today, the TradeFlow chart shows that the price action tested a support zone, buyers came in as indicated by the buy volume line (green) of the TradeFlow Volume Cross Study edged above the sell volume line (red). Right now, the market is stalling out at a resistance zone established yesterday.

Yesterday, the sell volume line (red) of the TradeFlow Volume Cross Study leaped over the buy volume line (green) when the S&P was at resistance from last week. Sellers dominated and pushed the market down. When the market moved into the support zone, buyers failed to come in. We can tell because the buy volume line (green) did not form a higher peak then the peak of the sell volume line (red). Then the TF5Um5D study rolled over.

The market traded down, but then buyers came in as indicated by the buy volume line crossing above the sell volume line.

To read more about these two custom studies, please check out my article TradeFlow Custom Studies.

This entry was posted Thursday, January 4th, 2007 at 11:14 am and is filed under TradeFlow. You can leave a response, or trackback from your own site.