since late Nov'13, the upward push on the price of the SPX has not been supported by the OBV.
and when you look at the bullish positioning of the commercials in futures and options on contracts (as a percentage of the open interest),two weeks ago this positioning was 2 standard deviations below their average bullish positioning.
I'm betting the SPX made a significant top on new year's eve.
since late Nov'13, the upward push on the price of the SPX has...
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Last
7,829.7 |
Change
66.500(0.86%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,763.2 | 7,832.3 | 7,763.2 |
| XJO (ASX) Chart |