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Near Record On Balance Volume (OBV) Suggest Business as Usual

BATS:SPY   SPDR S&P 500 ETF TRUST
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OBV attempts to detect when a financial instrument (stock, bond, etc.) is being accumulated by a large number of buyers or sold by many sellers. Traders will use an upward sloping OBV to confirm an uptrend, while a downward sloping OBV is used to confirm a downtrend. Finding a downward sloping OBV while the price of an asset is trending upward can be used to suggest that the "smart" traders are starting to exit their positions and that a shift in trend may be coming.

Read more: http://www.investopedia.com/terms/o/onba...

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