“Smart Money” Index Drops To Lowest Level Since April 2009

via confoundedinterest:

The Dow “Smart Money” Flow index has dropped to its lowest level since April 2009.

smartmoneyflow

The Smart Money Flow Index is calculated by taking the action of the Dow in two time periods: the  first 30 minutes and the close. The first 30 minutes represent emotional buying, driven by greed and fear of the crowd based on good and bad news. 

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