The weekly OBV is acting much stronger, as it is very close to breaking out above the resistance at line h.

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The Euro continued to move higher, after breaking though major resistance a few weeks ago, and it helped boost many of the European stock markets.

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Rather, when prices rebound from their first downtrend, watch to see if the near-term price peaks can be broken to the upside, thereby breaking near-term resistance levels and establishing the durability of this rally.

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U.S. Silica Holdings (SLCA), after breaking the declining topsline, ran up to the line of resistance, backed off and formed a little head-and-shoulders pattern.

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