What is Happening to Inflowing Liquidity?
The old saying is that "Money makes the world go round." It doesn't stop there ... money also makes the stock market go up or down.
As Jesse Livermore said in the 20's ... "The stock market is all about money. If money goes in, the stock market goes up. If money goes out, the stock market goes down."
The chart below shows that the level of money went up yesterday, while at the same time the Inflowing Liquidity was negative and in Contraction territory.
What is meaningful, is that the short term movement is higher and up trending, so (short term) the bias is positive.