CRInvestor

Price & Volume Analysis - using OBV to confirm price action

AMEX:SPY   SPDR S&P 500 ETF
499 0 1
Today's tutorial session was spent examining my volume / money flow tool, the On Balance Volume (OBV) indicator. In this example, notice how price broke initially yet OBV did not. When price broke the uptrend line with a corresponding double top fail on the OBV the short really worked.

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