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MV Quotes

Volume Based Technical Analysis


Below are the results (quotes) of the volume-based technical analysis (Volume Oscillator, Money Flow) applied to the SPX Index.

SPX Index Info

> Open SPX Chart > SPX Quotes > SPX Components  

SPX Technical Analysis:

> Price Analysis > Volume Analysis > A/D Analysis > Volatility Analysis

S&P 500 Index (^SPX)

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Time (ET) Last Change Open High Low Volume
 Close  Change  Open  High  Low  Volume
Thursday, March 18, 2010 16:00 1,165.70 -0.48 (-0.04%) 1,166.13 1,167.77 1,161.16 3,490,502K

S&P 500 Technical Analysis

Volume Based Technical Analysis

S&P 500 Index (^SPX) VO, PVO and MVO (Volume Oscillators) Analysis

The indicators below (VO, PVO and MVO) are based on the daily volume quotes it is recommended consulting them after the market closes when a daily volume bar is completed.
Indicator VO* PVO* MVO* Sentiment**
Volume Indicator Volume Oscillator Percentage Volume Oscillator Percentage Volume Oscillator Volume Sentiment
9-day Volume Oscillator 1.53 52.78 39.48 Extremely Bullish Volume
14-day Volume Oscillator 1.58 58.28 50.32 Extremely Bullish Volume
20-day Volume Oscillator 1.60 59.51 53.26 Extremely Bullish Volume
VO stands for Volume Oscillator, which is calculated as the difference between fast and slow moving averages.
PVO is a percentage representation of the Volume Oscillator.
MVO defines the strength of volume surges if they are discovered during the price move.
** Volume surges are leading indicators. As a rule, strong volume surges during the price decline (bearish volume surges) indicate heavy panic selling and may lead to an oversold condition and reversal upward. Conversely, a high volume during the price advance (bullish volume surge) indicates heavy greedy buying, which may lead to an overbought condition and a reversal downward..

S&P 500 Index (^SPX) MFI (Money Flow Index) Analysis

Indicator Positive
Money
Negative
Money
Money Ratio
(MR)
Money Flow Index
Index (MFI)
Sentiment*
MFI Indicator Positive Money negative Money Money Flow MFI MFI Sentiment
9-day Strength 32,099,134 M 8,121,128 M 3.95 79.81 Strongly Bullish
14-day Strength 50,383,304 M 8,121,128 M 6.20 86.12 Strongly Bullish
20-day Strength 64,982,624 M 16,081,898 M 4.04 80.16 Strongly Bullish
*  In technical analysis, Money Flow is analyzed in the same way as RSI. The Money Flow Index (MFI) is considered to be bullish when it moves above 70%. Conversely, MFI is considered to be Bearish when it moves below 30%.

Check other S&P 500 Index (^SPX) Index quotes

> SPX Advance/Decline Sentiment

> SPX Advance/Decline Ratio

> SPX Advance/Decline Line

> SPX TRIN

> SPX McClellan Oscillator

> SPX Daily Volume

> SPX Average Volume

> SPX Moving Averages

> SPX Stochastics

> SPX MACD

> SPX RSI

About Volume based Technical Analysis.

S&P 500 Index (^SPX) volume based technical analysis is one of the important factors in obtaining a complete picture of the S&P 500 sentiment. There is no price movement without volume and there is no volume without price movement. The S&P 500 trend is always described by the change in the price and by the trading volume during this price change. By using only price-based technical indicators, a trader risks seeing only half of the picture and making uninformed trading decisions.

There are two main ways to analyze S&P 500 volume: analysis of volume surges (analysis of abnormal volume activity) and analysis of the money flow (how much money came out of or went into the market/stock).

Some of the best tools to analyze S&P 500 volume surges are Volume Oscillator (VO), Percentage Volume Oscillator (PVO) and MarketVolume Oscillator (MVO) To analyze money flow, one could use the Money Flow Index (MFI), as well as the SBV Oscillator (not shown in the quotes tables above, but available in our charts).

Volume-based technical analysis can deliver profitable signals and help in trading indexes, their derivatives, options on indexes and their derivatives, e-mini, index tracking funds and any other trading vehicles that track an index's performance. Use the following resources below for extended volume tutorial and research results on volume analysis:

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3/18/2010 - SV1