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RSI & Money Flow comparison to other time periods
Dow Jones Industrial Average Index
RSI & Money Flow comparison to other time periods
By ROYAL_OAK_INC
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Feb 20
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Feb 20
Markets may remain irrational for an extended period of time. This can happen even when data conflicts.
For the moment on the daily
DJI
:
RSI is weakening.
$ Flow is lower, but it is stable.
Buys slightly outpace the sells since Mid January.
(Only weekly is shown here. Pls see our profile for more information)
---------------------------------------------
Things change a bit when seen on weekly data. Daily they seem weak but weekly there's 2 things of importance.
Weekly
DJI
RECENT indicators show that RSI & $ flow seem OKAY.
Let's compare them to years past.
Compared to 2021:
RSI is lower
$ FLOW same
Compared to 2017 + 2018:
Both indicators are MUCH LOWER!
(makes sense as it takes a lot more $ to move things around as indices and prices are higher)
Showing 2 previous examples, blue boxes) as no market is identical.
But, seeing the past we may get enlightenment to PREPARE for any outcome that may ensue.
SDOW
UDOW
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UDOW
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