Highest Volume Price since previous COVID Market Crash!
Last week Volume price is so significant that it is hard to ignor!
Highest Volume since Feb 2021 and 2x of weekly average in the past 52 weeks!
This clearly shows the willingness to close long positions is at the highest level!
The only bigger and green bar is the last week of March 2020 at the end of the pandemic crash!
I am going to monitor this as a significant bearish phenomenon!
I know this sound rediculous when most market tickers are green, but only 9% of tickers are trading with volume above their relative volume!
Relative Volume (often times called RVOL) is an indicator that tells traders how current trading volume is compared to past trading volume over a given period. It is kind of a like a radar for how “in-play” a stock is.
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA , an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Highest Volume since Feb 2021 and 2x of weekly average in the past 52 weeks!
This clearly shows the willingness to close long positions is at the highest level!
The only bigger and green bar is the last week of March 2020 at the end of the pandemic crash!
I am going to monitor this as a significant bearish phenomenon!
I know this sound rediculous when most market tickers are green, but only 9% of tickers are trading with volume above their relative volume!
Relative Volume (often times called RVOL) is an indicator that tells traders how current trading volume is compared to past trading volume over a given period. It is kind of a like a radar for how “in-play” a stock is.
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA , an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Comment:
This is the first time I see these numbers for SPY in the past few weeks, Put/Call volume:1.38 and Put/Call OI for the next 30 days 1.87 which means Big money has bet against the market! Max pain 459..!
Comment:
