Weekly OBV is showing slight bullish divergence between the weeks of May 21st and June 4th. On Balance Volume (OBV) gives us an idea of what's going on with the "smart money" -- the theory is that volume precedes price and, if so, then an increase in volume as we are beginning to show would suggest that smart money is entering the market and, as a result, price should be increasing before too long as well. The Chaikin Money Flow (CMF) is traveling within the descending green channel and has bounced off the bottom of the ascending yellow channel. It is also nearing the point at which it should break out of the descending wedge it is in. Much like OBV, CMF attempts to track "smart money" so CMF breaching the descending resistance line of the green channel/descending wedge would suggest renewed upward momentum and the likely start of a new bull trend.
