Money Flow Chart Update:"Can't Slap an Imaginary (Double) Bottom"
Confirmation out of a Bullish Meeting Line pattern (#1 on chart) was thumbtack doji-nied :-(
Money Flow TA 3 Cycle Buy Side Waiting on Volume: Money MOMO (ChiOsc) continued repelling from its negative pair. Short-term Retail (CMF 3) (#2 on chart) is about to knock on its "power zone" door (> .5) and both short-term (MFI 3) and monthly "Smart" (read: manipulative) Money (MFI 21) are on the upswing.
The problem is now volume (PVO) (#3 on chart)-- everything is prepped for a 3 Cycle up movement, but volume driver(s) is(are) missing. Needs news catalyst and/or momo traders returning soon else the downward drift on low volume will creep back in...
... Raff Regression and Fibonacci Fan replotted based on Sep 9 top and Oct 9 bottom (Oct 8 for Fib Fan). Key price areas to watch: Fibonacci pivot support (S2) @ .434 and (S3) @ .307
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