I say it didn't break out of the downtrend channel when it tested resistance because of more negative indicators over positive ones Chuk. The state of the markets had nothing to do with it whatsoever lol..
Technical resistance appears to have increased at 5.4, it still requires a minimum 5.5 close atm.
Currently the mid/high 4's is still quite achievable IMO..
I'm also a fan of OBV Mondo45. I mainly use it to help identify the beginning of bull/bear market trends.
chart, page-78
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