The S&P 500 hesitated at its upper trend channel. Follow-through below 1460 would indicate a test of the lower channel and support at 1400. Bearish divergence on 21-day Twiggs Money Flow continues to warn of a correction.
* Target calculation: 1420 + ( 1420 – 1280 ) = 1560

Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters.
Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.
He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.
Thanks the Dow looks very simular
Basis an RSI (14/C or 21/C) there is no divergence so there must be considerable differences between it and your Money Flow Index. Similarly with the Metastock Money Flow. Any comment on the differences
RSI compares closing price to the previous close while Twiggs Money Flow compares closing price to the daily range before adjusting for volume.
Not sure of MMF.
A temporary stall is not unexpected. The target of 1560 seems realistic in light of the current optimism re: the economy.