Position Rotations Since March 7

If one watches an old indicator, the Granville OBV in the way that I use it, you see something very interesting that is happening, prices are moving lower and activity showing placement of new positions by new players, especially in the NASDAQ and also in the S&P.

Keep in mind that the detachment of the consumer from the producer is the key metric to watch as we move forward.  What it shows is bullishness on the part of producers and lack of commitment in the bottom half of the consumer market.

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