VALE moved higher as expected.  Now if it can get over 19.06 on a close, we could see 22.67, a nice $3 gain.

Sentiment is still quite high and needs a reversal

There is a divergence between the OBV/accumulation line and the strength indicators vs. the %stocks above 40 and 200 day, and the AQ/D line which are declining.  The OBV is also getting toppy.

 

 

Wait! Get A Sneak Peak Of The Book

Learn to Trade with the Banks,  Improve trading skills, Become your own analyst and avoiding all the noise out there,  Lifetime support for Q&A , Updates are free,  Trade with the Banks $400 day = 100K year