FINANCIAL ICEBERG
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MARKET BREATH DEPTH HEALTH
SP500 : Price Volume Trend :  Divergence ?
August 25 ( From  Stockcharts,Columbus Dispatch, TradingView  )

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SP500 : Price Volume Trend

Price Volume Trend - a Definition

​​PVT is a leading indicator for future price movements. Although interpretation of PVT is similar to the OBV and the Accumulation/Distribution indicators, PVT more accurately demonstrates the flow of money. PVT adds only a proportional amount of volume to the indicator, whereas OBV adds the same amount of volume not considering whether the market closes up a fraction of a point or triples in price.

1.Rising PVT means new money, sometimes referred to as "smart money, " is flowing into the marketplace. The result will be that the present trend will continue. Accelerating PVT rise indicates that "the masses" are joining the new price trend.
2.If the PVT then levels off, it is often an early warning that the trend is finishing.
3.Declining PVT indicates that the smart money is liquidating.
4.If the PVT moves sideways or falls while the price is rising, the increase in price is not confirmed and a market top or bottom may be indicated.


​​​​​​We observed that the Price Volume Trend of the SP500 tend to turn earlier than the SP500 as you may see in the chart below...

A technical indicator consisting of a cumulative volume line that adds or subtracts a multiple of the percentage change in share price trend and current volume, depending upon their upward or downward movements.
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​Huge Divergence since August 8 - see chart below.
​( See ellipses on the chart below  - Amber lines ).

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SP500 : Price Volume Trend
​Bull Bear Indicator
​( 0 Oversold / 10 Overbought )
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SP500 : Price Volume Trend : Not Convinced Yet ?   $SPY, $SPX, $ES_F