Even if you are only a stock market trader, it’s important to view money flow moving across major markets.
Let’s take a quick update of our “Cross-Market Money Flow” trends as we move into the middle of September.
We’re seeing the futures contracts of the S&P 500, Gold, Crude Oil, and US Dollar Index.
From the top-level, we see money flowing INTO Stocks and the US Dollar Index and OUT OF leading commodities Crude Oil and Gold.
That’s simple, but we saw a slight retracement up for commodities at the end of August, only to see these new intraday downtrends continue.
Thanks in part to geopolitical instability and money flow into the United States in general, we saw the US Stock Market along with the US Dollar Index both rally non-stop from August to present.
While the US Stock Market (S&P 500) is pausing and retracing lower, so far the US Dollar Index is merely taking a sideways pause in its strong intraday uptrend.
We’ll step inside these markets, look at higher frames, and plot potential opportunities in this week’s Intermarket Strategy Report for members, but do take a moment to study these trends as they continue to develop.
Follow along with members of the Daily Commentary and Idealized Trades summaries for real-time updates and additional trade planning.
Corey Rosenbloom, CMT
Afraid to Trade.com
Follow Corey on Twitter: http://twitter.com/afraidtotrade