Chart below, we are still in the long term downtrend channel. Prediction has two scenarios IMO 1) we stay in the channel and slowly keep drifting down for the next few months 2) we break below and establish a faster declining channel
BTW, I remember discussions about the positive CMF and the rising accum/dist while a declining OBV during the times of maasive debenture conversions. Seems that I was right and the accumulation shown just was retail gobbling up the debentures. OBV was the right predictor and showed a decline in step with the sp. So yes, retail was accumulating but no, it was not some big guy who was in the know, and the sp was not about to explode as some predicted.