Ever since the Feb 06 2018 Volmageddon event, SPY's behaviour changed meaningfully. Not sure what's happening here yet. Open to theories.
Changes:
1) OBV decreased rate of increase. Prior to Volmageddon, the OBV trendline and SPY channels were roughly parallel... No longer the case.
2) SPY started periodically breaking out of the channel to the downside in a megaphone pattern... each time returning to the channel. n=2 sample size, but we shall see.
Changes:
1) OBV decreased rate of increase. Prior to Volmageddon, the OBV trendline and SPY channels were roughly parallel... No longer the case.
2) SPY started periodically breaking out of the channel to the downside in a megaphone pattern... each time returning to the channel. n=2 sample size, but we shall see.