TMV on the one-hour chart tested two standard deviations above the mean VWAP in
both late May and early July it fell to one standard deviation below VWAP but then rose
sharply into beyond the two standard deviations line ( thick red ) ascending into a YTD high.
I believe that this is due to the recent federal debt creditworthiness downgrade.
The threatened rise of BRICS reserve currency and potentially adversely affects the
value of the dollar ( DXY) while supporting gold prices. I see this as a good continuation play
no matter the overextension of price. Both the dual MTF and the zero lag MACD however
suggest a pullback. The mass flow indicator does as well. As a result I will look at TMF
to go long trusting the indicators to give me a directional bias.