Regular Bearish Divergence
Price vs OBV regular bearish divergence apparent after a false breakout on vaccine news. The matter of the fact is that the vaccines won't be available until 2021. The market also rallied on the bet that there will be a red congress and a blue executive creating stable stagnant policy environment. However, Georgia is heading toward some tight runoffs with no certainty. Covid on the rise again breaking 138k daily yesterday.
Uncertainty has not gone away and the fact that OBV is heading lower while price is getting hire represent a real fear in the overall market despite the VIX heading lower. VIX doesn't tell the whole story as it is based on current data not overall mentality.
This is not an advice, this is for your information only. Trade responsibly.
Uncertainty has not gone away and the fact that OBV is heading lower while price is getting hire represent a real fear in the overall market despite the VIX heading lower. VIX doesn't tell the whole story as it is based on current data not overall mentality.
This is not an advice, this is for your information only. Trade responsibly.
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