Interesting, and although it's not the same as "your" volume indicator,
OBV has been very strong on the small caps with the proxy used as the etf "IWM".
The small caps took quite a hit in the Yen carry-trade event as they are quite interest rate sensitive.
Now It appears there are big bets going off that rates will be stable and NOT go up much.
Hmmm, I recrossed up - for Thursday![]()
I had negative divergence in my volume indicator and today I ended with positive divergence (see attached chart), so I am expecting at least an up half-day Monday. But over the past two days the volume indicator has not bounced up as well as the market indicating further weakness lies ahead.
Pete
