TGR Chart, page-114

Sellers still in control, we should see a good bump in OBV when buyers get control back.
SP has been stuck below $3.40 for a few days, its providing resistance now, it was support, which is how resistance lines are supposed to work.
Apart from yesterday we have been getting good support around $3.35, so its stuck in this channel for now.
The MACD (of the OBV) is to try and more easily see changes, and we saw in Jan preceding the March/April breakout, but nothing there this time.

When the SP trades in a tight range for long enough it can break out strongly (one way or another), and starts a new trend, so its a good time to be keeping an eye on the stock.