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SPX PUSHING ON MONSTER VOLUME without Testing the HIGH


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#1 SemiBizz

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Posted 06 December 2016 - 06:50 PM

Which is an UNMISTAKEABLE INDICATION OF A HUGE SUPPLY...

 

In other words the operators are DUMPING INTO THE DEMAND....

 

We have a stealth sign of weakness in that regard...

 

When Strong Volume does not achieve price movement there are other factors in play.

 

We should finally get that test of 2114.10 and we want to see the volume and the reaction to it....

 

 


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#2 redfoliage2

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Posted 06 December 2016 - 07:09 PM

Yopes. Huge dumping....

Edited by redfoliage2, 06 December 2016 - 07:11 PM.


#3 q4wer

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Posted 06 December 2016 - 10:23 PM

the volume is not so big.



#4 SemiBizz

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Posted 06 December 2016 - 10:27 PM

Really?  Strongest volume of the year... here's the chart to prove it:

 

 


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Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#5 csw2002

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Posted 07 December 2016 - 01:15 AM

Semi, 2 data sources I have doesn't agree with your volume data. I am assuming that you are looking at S&P500 component shares traded. My data from TOS and the chart from Yahoo both doesn't show huge amount of volume for S&P500 components.


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#6 SemiBizz

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Posted 07 December 2016 - 01:38 AM

Go ahead and use your sources then...

 

spx120616.thumb.PNG.6ecea42c5f03d97f032c


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#7 csw2002

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Posted 07 December 2016 - 04:16 AM

Semi, 2 data sources I have doesn't agree with your volume data. I am assuming that you are looking at S&P500 component shares traded. My data from TOS and the chart from Yahoo both doesn't show huge amount of volume for S&P500 components.

Don't mean disrespect. I was just asking a question and specifically if you were looking at total volume of sp500 components because it doesn't gel with the data I have.


Edited by csw2002, 07 December 2016 - 04:19 AM.

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#8 thoughtpwr

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Posted 07 December 2016 - 08:57 AM

SemiBizz:  I respect everything you contribute here, but I checked NYSE, CONP, SPY, DIA individually and none of them show the volume increase you are showing.  Are you sure your source hasn't made an error?  I used sharp charts. Thx



#9 alexnewbee

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Posted 07 December 2016 - 09:19 AM

295uxxx.gif

 

from  marketwatch

 

confirms what Semi says


Edited by alexnewbee, 07 December 2016 - 09:19 AM.

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#10 fib_1618

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Posted 07 December 2016 - 09:46 AM


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