Always consider hidden risks
MARKET BREATH DEPTH HEALTH
ETFs Volume Indicator : Fading ?
August 25 ( From TradingView )
SAMPLE from August 25: want to subscribe ? Click Here
ETF s Volume Adv/Decl:
ETFs are a big factor now within the stock market; it becomes a must to follow them to ensure that we are not missing a big chunk of a market mover... ETF s volume account now for more than 15% of total volume on the stock exchanges. It now influence tremendously the market making new highs or new lows....
So the advancing volume compare to the declining volume is one good indicator for the trend of the stock market...
The ETF s Adv/Decl Volume Indicator is quite volatile but the 7 DMA is Fading since August 18 as shown by the chart below...
ETF s Volume Adv/Decl
Bull Bear Indicator
( 0 Oversold / 10 Overbought )
ETF s Volume Indicator : Near Overbought Zone ? $SPY, $SPX, $ES_F