We've put our Flow analysis on a different platform in order to analyse longer time periods and more Tickers.
Our main indicator will be the FLOW MOMO Indicator (FMI) which is a Flow based momentum indicator.
Here we want to look for the direction of the FMI (:down) , the position of the FMI (:below Zero) and eventual FMI Divergences to Price (: negative divergence= see red arrow).
The FMI has been calculated on high frequency Volume datasets and then been sampled into DAILY Charts to allow for more historical comparisons.
Small Caps hit 3 out of 3 and that even after a bounce of the 50day Bollinger Bands.
Conclusion:
I'd be cautious the next weeks with a bearish bias (according to the FMI)
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