No Smooth Sailing Yet?
Inflowing Liquidity levels and trending dictate what happens to the market. Are Inflowing Liquidity levels saying that there is smooth sailing yet?
When you look at today's chart, the answer is close to a yes, but sill no. It is still no because the level of Liquidity is still in contraction and has not been able to move above its resistance nor to move into positive territory yet.
The positive is that it wants to try moving higher because it made it past its trading range.