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SPY Volume


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#1 DrSP

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Posted 18 May 2010 - 09:54 PM

SPY_volume.JPG Please ignore and remove this post if it has been posted already. SPY volume today during selling has gone down when compared to last week. I considered only days where selling has been ~ 3 handles (from the day's high). Also, look at the volume spike on the last hour green tick today. I removed all other indicators and coefficients from the chart to highlight this point. Another point I noted was the NHNL posted a spike up instead of down. While this may not be anything significant, atleast I consider it as a divergence. Discuss. :) edited: I ignored the freak crash volume as well.

Edited by DrSP, 18 May 2010 - 09:55 PM.

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#2 qqqqtrdr

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Posted 19 May 2010 - 06:28 AM

NASDAQ Volume/NYSE Volume has dropped also.... As NASDAQ volume shinks over NYSE Volume enough it can help signal a bottom. It signaled a light short term bottom yesterday..