Always consider hidden risks
ETF s Volume Adv/Decl: Cratering ?
August 20 ( From TradingView )
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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
ONE chart below is worth a look where we will show the ratio of the ETFs Advance
Volume compare to the ETF s Declining Volume to the Mighty SP500
( Bottom Panel of the Chart )...
And since August 5, that ratio started weakening ( 7 DMA ),
indicating less participation from ETFs ( Retail Participants ) and
reached on August 19 the Oversold Zone. ( Blue Line - Chart Below )
One very interesting factor is that the ETF s Volume Adv/Del confirmed the previous top from the Mighty SP500 Index done on July 17 2015. ( Vertical Green Trendline - Chart Below )
But the most interesting technical factor is that the ETFs Advance/
Decline Volume is within the oversold level as we are near a Major Support Trendline from a Rising Wedge on the SP500 Index and at the 200 DMA.
( Chart Below - Red Trendline )
ETFs Advance Volume
ETF s Declining Volume
( Moving Average 7 days ( Blue Line ))
and SP500 Index ( Bottom Panel = Candles )
ETF s Volume Adv/Decl: Cratering ? $SPY #Trading #investing #etf #SP500