It’s really an interesting time to be an investor right now. With global risk, uncertainty and emotional warning signs around every corner, the world’s stock markets are thumbing their collective noses at it all. The US SP500 index has broken out to new highs and its price is above a rising 50 and 200-day moving averages, the sign of a healthy and strong uptrend. RSI momentum as also broken above its downtrend. Using on-balanced-volume (OBV) as a secondary confirmation indicator (bottom pane), it hasn’t batted an eyelash as it too, has broken out to new, all-time highs.
