Looking for Volume to Support Price | Swing Trading (Days to Weeks)

Looking for Volume to Support Price | Swing Trading (Days to Weeks)

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good day everyone john mcnichol here and welcome to swing trading days to weeks so we got a lot of news coming out this week particularly with the fed tomorrow a lot of volatility and traders certainly have concerns as far as liquidity as we've seen prices go higher but then we also seen them drop off pretty dramatically within a relatively short period of time let's go ahead and take a look at some volume indicators and see how we can possibly utilize them to support price stick around [Music] okay it's great to see those that are live with us today uh let's see we got larry vijay lamar frank looks like wayne's with us chuck and everyone else that's joining us right now welcome james boyd's with us on the chat do appreciate him helping us out here today you can find james on some of our various other webcasts as well as on twitch make sure you keep an eye out on his schedule there a great complimentary class to this one would be trend trading weeks to month that's part of our technically speaking series and i'm a little remiss on bringing up the date and time for that but i'm sure james will share that you can also go to the education tab and bring up the instructor james boyd and see his schedule there let's go ahead and take care of disclosures folks we'll get right into it contents intended for educational information purposes only not investment advice of or recommendation of any security strategy or account type options not suitable for all investors in your courage of practice which you learn here today with tools such as paper money software that application is for educational purposes only and successful virtual trading during one time period does not guarantee success of actual funds during a later time period as market conditions change continuously make note of the risk for both long as well as short options whether it's the entire position potentially being put at risk there along with short options the risk of assignment at any time up until expiration regardless of the in the money amount transaction costs important factors should be considered when evaluating any trade and while this webcast may discuss technical analysis other approaches including fundamental analysis may assert very different views and a stop-loss order will not guarantee an execution at or near an activation price once activated they compete with other income in market orders there's a bio for those that are interested welcome if you are new to this webcast uh this class does have a tendency of being a little more intermediate uh some cases advanced although we try to have a pace where everyone can follow if you are very new to technical analysis we do have a great getting started series for technical analysis as well as options and please take a look at our education tab as well as our schedule the essentially the green area of our webcast if you go to td ameritrade.com go to the education and select webcasts uh when that comes up you can see our upcoming set schedule i have to go ahead and reset this says i believe uh we just had our uh active or active trading strategies previous to that you're on swing trading right now you can see generating an income a little on later on today and if you go ahead and go to the webcast calendar you'll be able to see our various content anything that's in green is part of our getting started series so if you're where they're fairly new to td ameritrade education or td ameritrade in general uh these are some great webcasts to spend some time on all right uh also you can follow both me and james on twitter it's our first initial last name uh it's a great way to learn more about your instructors as well as a little more about the markets as well i know james uh posts quite a bit both on what he's looking at in the markets and or it should say teaching in the markets there and likewise a little more on what he's doing on the outside as well as you can see the same thing with me too all right let's go ahead and bring up our agenda as that should be coming up right now there we go so we'll we'll take a quick look at current market conditions uh obviously with the fed tomorrow would be a catalyst on a continuation uh down or any type of or signs of a reversal then what we're going to do is we're going to explore some of the fundamental elements of some volume indicators those who have joined me in some of my other webcasts such as technically speaking breakout and reversals we did talk a little bit about volume and on balance volume we'll kind of tie that into this discussion today and and look at a few other indicators that traders may find helpful and that's how we utilize the thinkorswim platform to apply those indicators and see as we go forward not only post-fed but going into the summer to see how that volume may shift whether from a bullish or a bearish perspective all right let's go ahead and bring up the thinkorswim platform real quick on on the market uh you know obviously price action has taken out lows uh across the board on the s p after was looking for more of a basin pattern that momentum based off the macd certainly dug a bit deeper than traders may have anticipated at least one's expecting to see those lows to hold lower today and not as much of a longer range day and certainly not an attempt to at least penetrate that previous day we'll see if the fed has anything to say or contribute to the market on that tomorrow and we'll go ahead and look at the nasdaq ndx as we look at that nasdaq 100 now had talked about uh previously the drop both the nasdaq and the russell had been demonstrating a little relative strength there and even with the drop lows being taken out notice the nasdaq is a little more of a market perform compared to the s p currently yes it has falling much like the s p but from a momentum standpoint compared to the s p hasn't been fallen as much as it did uh in the overall correction and bear market that the nasdaq finds itself in so whether that divergence you know may look for at least a newer base or a snapback we'll see in fact today uh the nasdaq was actually in positive territory it's been going back and forth and as we're in the last hour uh that has been leaning more towards the low end of that bringing up the russell rut and the rel the relative strength on the russell even though operative word is relative uh if we go ahead and look at the just our drawing tools i mean going from the high and i actually tweeted about this last wednesday uh as the russell went ahead and traded up to resistance there you know with the russell set the tone uh going into the end of the week for the rest of the market and it did that in spades uh not only for uh last week but uh continuing into this week uh we're going from that high to where we're at now that's 11 and a half percent uh now withstanding that notice a little more on the similar lows here with the russell and you can see on the relative strength on the bottom compared to the s p again no consolation with a given back about 11 12 over the last five sessions relative compared to the s p hadn't been falling as fast so yesterday it did i believe that's about a five percent drop so we'll see what we have going into once again uh the fed tomorrow let's look at volatility and uh spike on the vix yesterday a little more inside as we are in the higher range for volatility going back over the past uh at least six months here some pundits looking at there needs to be more of a spike up to you know above 40 to show some signs of capitulation whether that is required at least over the near term tamara may play a factor into that uh this was actually a tweet i'd sent out uh let's see uh i believe i sent out yesterday kind of more of a longer term you can see some of the other program that we have so here's a 20-year monthly chart for the volatility index you can see the great recession back over here uh the crash in 2008 you can see some of the more moderate corrections in 10 2011 15 which i believe that was a great year for the bond market uh at the expense of stocks uh some of the uh the tempur uh the fed temper tantrums there and i believe that was around 2018 and here's the kovig crash uh notice you know preceding some of these spikes uh we see more of those triangular patterns and we've been talking more of a triangular pattern in volatility lately it's interesting notice on how much it's been going back and forth over a relatively shorter period of time compared to some of these other areas so certainly a lot of apprehension and concerns as far as with the market and again whether we get a pop out of here whether it occurs uh post-fed uh tomorrow or something at a later date looked at this historically on some of these spikes and that's not a guarantee that that cycle will repeat itself uh february and august were common months over the last 20 years for some of these spikes i think there was one in march i think another one was kind of in july but kind of interesting with some of these cycles here so looking at some of the comments there and do appreciate those comments ramish said is r is the russell the rut at a double bottom well that that depends at least from a neutral standpoint to see that lower range hold and let's bring that up again you know whether that is going to be supported going into the end of the week or not or beyond would would be determined but remember as far as a double bottom pattern and something that we would discuss uh tomorrow in breakouts and reversals is higher highs and higher lows that's why from a bullish perspective back here on june 7th where broken support becomes new resistance from a standpoint of a bullish reversal and we started seeing signs of that as we did have that triangular pattern shorter term but critical to be able to break out to the upside to support that bottom in formation and more importantly develop into more of an upward trend as still there is overhead resistance uh for the russell as we can see that correction and bear market and where we are right now so hopefully found that helpful uh we'll see what catalysts again with the fed tomorrow you know other concerns uh as well uh japan there's a lot of rumblings as far as uh japan not only with their currency weakening against the dollar but the impact of them trying to hold rates steady in an inflationary environment and what that may impact on their economy that can have ripples around the world the ukraine the russian ukraine conflict as well uh having an impact on not only supply chain but a lot of commodities although we have seen uh commodities back off uh relatively uh strongly in some cases after oil made some highs they've backed off natural gas has dropped off uh considerably today as well now whether that's fear as far as a slowdown uh will we shall see so kind of conventional wisdom for the fed and we'll move on uh is there is a pricing in on the uh forward looking on on the futures uh that uh a 90 some percent possibility of them hiking three quarters of a percent uh the expectation has been a half a percent uh so we'll see if that three quarters comes in even uh outliers on kind of a shock and and raising by one percent and some traders may be looking at on whether if a a hawkish uh type approach to the fed and hawk speak may possibly stimulate equities similar to i believe what happened back in march whereas a dovish approach may have more of a negative impact now obviously that is speculation and we'll see how that plays out all right let's go ahead and talk about some volume here how it ties into some of these stocks folks so we'll go ahead and bring up an example such as apple and notice as we look at apple apple has went ahead and taken out that support similar to what we saw with the nasdaq whether we see some consolidation there and going back longer term even though this is days to weeks shorter term traders probably want to be conscious of where some of those longer term areas of support and resistance is and with that uh what about volume well we know if we go ahead and uh add volume and and kind of build in the case on this let's go to studies our our flask here and under that uh you can look for i believe it's volume average and this kind of ties in to how some of these volume indicators you know may work so if i go ahead and go to volume average and double click to add that by default it plots not only the volume but a 50-day average of that volume where traders can look to see if volume is whether above or below average so let's go ahead and apply that and as we can see in the case of apple you can see volume bars for each and every day uh red or whatever color it is uh would typically be tied to if it is an up or a down day uh with an update being attributed to up volume a down day being attributed to down volume all right and uh just looking at the chat real quick uh the cme group does have a fedwatch tool that looks at the probabilities so that's a resource for you as far as on fed hikes only now but also going forward all right so notice here as we look at the volume you know traders may compare price action to volume and ideally when we see prices rising we'd like to see volume rise with it likewise if from a bullish perspective if prices are pulling back we typically would like to see that on lighter volume however notice here we have seen an increase in volume on this sell-off however as we look at apple what type of candle pattern do we have here as we know candle patterns can be those potential reversal patterns so we have a little more potentially of what is referred to as a inverted hammer and notice that was on a spike in volume now when that occurs at an area of support some traders may consider that to possibly be signs of some capitulation uh if there is a bullish candle starting to form uh whereas and notice see back here on apple spike in volume on a bit of a doji here got a bit of a counter move but notice when prices sold off it sold off an increase in volume so as far as trend changes investors and traders may look for those shift in shifts in volume if prices start to rise looking for that volume to increase now we are getting into a time and i'm sure james will concur on this is that as we get into the summer months there is increase in likelihood of usually seeing lighter volume so really it's a matter of participants that would be driving for instance prices can sell off just because sellers are participating doesn't necessarily have to be on heavier volume it just means that there's no buyers that are entering into the market likewise we can see prices rise on lighter volume as we saw uh going into some of the market tops uh volume started tapering off because uh there weren't really much sellers to counteract so buyers were able to kind of push uh that price action albeit on some lighter volume but those divergences can be important to recognize those potential changes and something that we may be keeping an eye on here now as we look at both of these from price to volume you know this does require some time you know to go back and forth and compare that price and volume which you can do so what are some other tools that we can add well there's another volume tool called volume profile that can be applied right on the price chart and just like as we've discussed in the past and identifying areas of support and resistance the volume profile tool can be a possible indication of where the support and resistance may be based off of where the volume has been so let's go ahead and add that so i'm going to go ahead and over on the right here uh is where we're going to see this but we can just go right back to the the flask click on it and look for volume profile so we can go down the list notice there's some other other volume indicators we're not going to cover all of these but i'm going to cover a couple of these of note uh but volume profile should be in here right there now notice if you go to the little question mark to the right and click on that it'll give you a background of what that indicator is and as we go ahead and look through uh this list volume profile represents training activity over a time period at specified price levels and you can see a further definition of that some things that come out is what's referred to as a point of control uh we're based off of where that volume is kind of a mid-range some traders may look for some reversion to that area so let's go ahead and apply this and if you do continue scrolling down and click on more details that will take you to the learning center and the learning center is a very underutilized portion of this program it's under the education tab and then there's the learning center right next to education sub tab you can search for anything in here and notice all your studies from a to z are listed here it's a very useful tool so let's go back to the chart and again we had clicked on that let's try it one more time volume profile we'll double click to add that up actually already was added on that so let's remove that we'll click apply and it'll usually expand your chart out and if we take a look at this uh notice we do have the volume profile supporting a bit at least a more v a recent volume spike and that can be an inflection point for some potential support now notice this area is not as long as some other areas that come in mind particularly around here around that 140 150 area if i expand this out a little bit i am slightly colorblind here but i believe if i'm looking at this right the point of control may be somewhere right around this area here and this range i believe is covering kind of the uh i think two standard deviations or about said the 70 percent area for that price action and volume but notice if you go back and look at some of these spikes i'll just kind of drop a couple horizontal lines on this area notice there's a bit of a confluence with these potential resistance as well as support areas and so from a standpoint of a swing trader uh is you know whether looking to trade within those ranges between support and resistance or if we do have a breakout of that range both based off of price and volume may point towards some of those opportunities okay so that's a one application as far as utilizing volume profile to look for you know more of a confluence of price and volume based off support and resistance and what's another way that we can apply this now i'm going to go ahead and so we're not too crowded we'll go back and remove the volume profile relatively simple tool to use another common tool that we have been implying is on balance volume and i'll briefly go over this one uh in more detail if you go to uh breakout and reversals i believe it's about a week or two i did one for the breakdown reversal patterns i'll have a link to that at the end of the session as well as on the playlist there but if i go to the beaker again and type in on balance volume and double click on it the idea for on balance volume i'm going to minimize just to remove some of these things here i'm going to go ahead and remove relative strength and i'll just kind of minimize this volume a little bit here so we can look at it so as you look at the on balance volume what it's doing is it's taking these bars and i believe it's typically over a 50-day period and on up days it's a tribute into up volume and on down days a tribute into down volume and typically kind of the relationship on succeeding bars there now notice if we look at the on balance volume it has been falling now there were some signs up until we backed off of this resistance that the on balance volume was rising given some optimism to some of the bulls that things may be starting to reverse but notice very similar to price as you can see here with this area here even though over the shorter term that on balance volume was shifting it did not quite shift to the upside and those similar patterns we may see on price such as rectangles triangles or in this case in inverse head and shoulders did not confirm so from a bullish perspective for whether a swing trade or a bullish reversal we were looking for price to break out didn't quite do it and certainly volume did not support that prices roll over and to see the fall in price and that falling on balance volume still supports the bearish case okay now we'll see again post fed if that will shift in a case of apple as well as for some other stocks there now another way uh to visualize this uh is there's what's called an on balance modified on balance volume modified that utilizes averages of this and i've kind of tweaked around uh with some different parameters here but let's go ahead and add that go back to the gear or the flask on balance volume modified you can just start typing it in i'll double click and for this purposes i'll go ahead and remove the on balance volume now the default setting for this is showing up as a 7 10 average i'm going to apply this will show the default setting and i'm going to show a little bit of a tweak now by the way you can customize these for for periods as well as make the lines thicker if you want so i'm just going to right click and make these lines a little bit thicker so we can see them again you just right click on the indicator edit the study we'll change the signal line bring that up and so you know here again kind of uh bullish dreams at least temporarily dashed uh notice there was a positive crossover here on this on balance volume modified and we saw a lot of this on a few nasdaq stocks as prices found some support we saw positive divergences and we did have a pretty decent counter run however that did has of yet has not materialized in a bullish reversal of that overall trend and positive crossover continued to hold until prices rolled over notice as we talked about last week the kablowed price closing below the low of the high day price falling momentum falling in this case on the macd and the volume supporting that downward momentum with a negative crossover this is kind of where we stand right now now getting back to the periods now this could be a period that 710 potentially be a a period looking at it from a relatively shorter term basis where this swing trading class has a tendency of falling however a lot of swing traders may wish to be more solidly trading with that prevailing trend and so if one wanted to possibly modify that to focus on more of that intermediate trend something i know james talks about in a few of his classes likewise what i talk about tomorrow in breakout and reversals is making these periods a little bit longer and so just by comparison notice this crossover uh occurred pretty much on this rollover uh the other day and as far as the positive crossover that had occurred uh that had occurred as the price had more of a cohold trade in and closing above the high of the low day or an inside day i'm going to right click on this edit the indicator i'm going to make it a little of a larger period now those of you have followed me know i'm a bit of a fibonacci freak uh looking at fibonacci series so i basically doubled this up to a 13 period with a 21 period signal so this will be a slower indicator now what this may imply as far as trends is a little more confirmation possibly less of a what's right word a less of a of a whip saw or a false signal so notice here when i change that period of time even though over the shorter term we had some good move up in volume notice on the on balance volume modified man may have to squint at it i think almost crossed over but pretty much had bounced and that's pretty much an example of as an example when it comes to indicators when a faster moving average bounces off of a slower one is more of a continuation support there so hopefully you found that useful uh in you know integrating volume on how it is supporting trend and likewise for a swing trader since it is about momentum one want to have price going in the right direction and certainly having volume help support that can be beneficial as well so that was the on balance volume now there's some other tweaks that one can look at this and let's look at some other stocks leave it on on balance volume for a moment and look at some of the other uh fang stocks you know there's google and notice again i've i've made more of the longer term a little more of a longer term notice hasn't crossed over meta platforms we have a new name now this is kind of an interesting bit of a phenomenon here is we look at meta platforms we look for a pattern now in the case of meta meta did break down below and took out some of these lows uh we're possibly seeing a little more of a spin in top whether this is going to be a new low or not we'll see this see if this occurs but this is a divergence though when it comes to price and volume uh prices have been falling but the on balance volume has actually been rising now that would be considered to be a positive divergence now a positive divergence does not necessarily translate that price is going to have a bullish reversal but there is a saying about volume potentially preceding price and so when we kind of see a phenomenon like this traders may be looking to see is a low set in do we start seeing a bit of a base pattern whether it's a triangle or a rectangle and then if price breaks out to the upside you know does that volume continue to support now we are seeing a little convergence here so if prices do continue to fall and this volume increases that could translate into a negative crossover but it looks like at least after this drop this counter move to the upside there had been some accumulation in some areas but when the price dropped over the last few sessions it hasn't quite confirmed that again being a little more of a wider average here amazon amzn which has done a split notice here there is a bit of a positive divergence as well notice we're seeing more of the base whether this is a triple bottom potentially for amazon this is going back to price levels that we haven't seen since going back to 2020 at least the high range of 2019 so another stock that trend traders as well as swing traders maybe keep an eye on a swing trader may be looking for a bounce to at least trade up into this range whether it's less directional looking for a midpoint or even being more strongly bullish to trade up into that area so we don't have a bullish bounce yet we'll see what occurs but notice the volume after this last bounce did translate into some more positive volume okay and would like to see that continue if the price rises and seeing this on balance modify rise with it and let's see look at walmart notice here fall in price the on balance volume uh continue to fall now it doesn't mean that price cannot still form a base but if one is looking for a volume to back it up would probably like to start seeing this converge while any support is being formed all right so let's make sure we're on track here folks uh again want to spend some time on tying in volume on supporting price once again we are going into the summer season uh volume may not give us uh as clear of an indication as it may be in other seasons of the year but if one is looking for volume to back up some of that price action we'd like to see those volume trends do the same thing so we looked at a few examples by utilizing not only volume looking at volume profile as well as looking at on balance volume and the on balance volume modified now a couple of these other indicators that we'll round off with may actually take some of those similar parameters of the on balance volume and just visualize it a little different way okay and so if we go ahead and bring that up we'll go to again the flask we'll just go ahead and type in volume and once again we won't be able to cover all the volume indicators but given one some ideas here uh you know the macd for instance has been a widely used indicator uh across the board for many traders and notice that we have a macd histogram here on the chart as well but one can also incorporate volume into that indicator so let's go ahead and do that uh if you click on the little question mark basically tells you what it's doing uh it's basically a modified version of the macd study and it calculates the volume average close price on those two periods and so you have a fast and slow one and basically looking at the plot now it does talk about things such as overbought oversold values but we're still going to look at it from a standpoint of momentum for this example so i'm going to double click to add that make sure we got that added and i'm also going to go ahead and move this around a bit i'm going to left click and drag it to uh right up to where the macd histogram is and actually i don't want to overlay it let's see if i can do that a little bit differently i believe you can move it over to the top and for some reason i sometimes run a little problem here on overlaying these here maybe what i'll do here is i'll just go ahead and move it to the empty one just kind of move them down and let's do that so there's a macd exponential and there's a volume weighted macd now i have a faster setting here 8 17 9 which some traders may use a faster setting for more of an entry when they look at macd whereas the slower period which is 1226 that's the default uh to keep them into the trade use them more as an exit okay you got personal preference on that you can do but i'm going to make these both the same 8 17 9. so i'm going to go 8 17 and 9 we'll click ok and we'll apply that now i'm going to go ahead and remove at least the other volume there so we don't have this too clustered here we'll click ok and so as we compare both of these macd histograms you can say there may not be a huge variation here although it looks like at least with this example uh since the volume macd actually had a little more of a later indicator of a crossover implying that the volume may not quite have been as strong as the price action was a little more weaker and then notice as we look at it on the price pulling back the volume weighted macd may be a little more closer to a negative signal as we're seeing a little bit of a crossover here let's go look at some of the other ones we had apple in there let's bring up apple and notice here on the volume weighted macd this was uh a little something similar that we saw on the volume divergences is notice based off of volume this pullback is not as strong based off of price alone which is implying that this volume momentum hasn't been supporting the price as much to the downside that may give bulls some a little optimism to see if those lows hold or not okay let's go ahead and take a look at some of your questions here want to make sure i know james is doing a great job of helping out i do appreciate that but i certainly want to give some feedback so kevin says do volume indicators work better at resistance or support levels well that's where volume may become a little more critical as far as not necessarily more important but possibly confirming an area of support and resistance i touched on and talked about volume volume would say capitulation as well as volume climax uh capitulation being uh at uh support and a climax being at resistance if you see spikes at those levels on a bullish or a bearish candle pattern that volume may be back and up as far as that price action coming off of that resistance or possibly coming off of that support now obviously nothing's 100 percent there but that's pretty important also when it comes to volume when it when it's a stronger bullish trend it's not necessary that volume is quote heavy when prices are going up and very light when the price is pulling back but generally speaking pullbacks in an uptrend would ideally like to be on lighter volume but that's also where that on balance volume and other indicators may come into play if the volume correction if the price is rising or should go like this price is rising and the volume as a trend as an average uh is rising with it that is usually positive likewise in a falling stock right if prices are falling down and the volume is following that price that supports that downtrend so this is what we're applying right now is to look for indications after this bear this current bear market where deep correction uh is is there any signs of volume supporting a potential for a base or bullish reversal and that's still questionable as we look at this and yes uh as far as the mention about support and resistance is really those inflection points as far as buyers versus sellers it's when one side starts to move aside and seeds to the other side support is when bears seed the bulls and resistance is where the bulls kind of turn things over to the bears or a little more of a selling pressure at least over that near term let's go ahead and bring up uh on the platform again one other indicator here we'll go to that flask again and under volume so with the last example that we were looking at is think about an oscillator that you may commonly use the macd being one of them and can possibly apply a volume weighted indicator there is a volume oscillator here there's a volume weighted macd rated change is another oscillator and in this case having volume applied to that the last one i want to bring up is this volume flow indicator and if i go ahead and click on that notice here it says volume flow indicator is a long term trend following study which uses the same principle as on balance volume um however it does a little more of a tweak on it and again this is something utilize an averages is to try and give a value that may be considered to be whether bullish which points more towards accumulation versus a negative value which points more towards distribution okay and so you'll hear that that's actually another indicator that's on the platform accumulation distribution uh is an is another indicator that tries to balance between uh up volume versus down volume or up price versus down price so i'm gonna go ahead and apply this one we'll double click that one's added and again to kind of move things off uh i'll remove the the macd ones and i'll have the on balance volume modified as an imperative uh now notice there's some settings on this one looking at it a much longer term if i click on that you know here's a link that's 130 days we'll leave it on the default setting and we'll see what it shows but then we'll go ahead and bring it in a little more near term so i'm going to click ok click apply okay there once again learning center great resource and as we look at apple notice that this volume flow indicator is still going down it has a baseline here at around zero let's make that a little thicker here make both areas so we can see it a little bit better and so notice from a longer term standpoint as far as with apple that crossover appeared as it went ahead and broke below this support uh back in may turned into a terrible month and as we're looking at it currently we're not seeing anything as far as a flow uh showing any changes and that's kind of similar to what we saw here on on balance volume uh some other stocks uh just think about stocks that have earnings or post earnings you know here's oracle which has taken a pop but knows the trend is still down however look at the volume flow indicator here and notice it's starting to turn back up is this an example of volume preceding price and looking for that bullish reversal and utilizing some of the price indicators we've talked about such as moving average crossovers and breakdown reversals and as far as the swing trade trading with the trend this has been more of a downtrend bullish trends we're looking for those averages that turn back up let's bring up amazon again amzn then we already talked about that volume divergence with the on balance volume and with that base uh notice this volume flow indicator had generally been turning up did take a little roll over here but from a longer term there's that baseline as far as zero so a possible sign of a longer term bullish reversal may have to be with a crossover of that area now i'm gonna do one more tweak and we gotta wrap up i'm going to change this to a 50 day which is similar to the on balance volume and see if that changes any of that here i'll click apply and notice it did change it a little bit as we're seeing a little more of a base and we may explore this a little bit more in swing trading to see if we're able to see shifts and volume to go ahead and support price all right folks well hopefully you found this to be helpful a little more hopefully a lighter topic as we go into the fed tomorrow and see if as selling pressure if it subsides does buy and volume come back into the market very important question i'm sure will be answered soon enough i'd like to encourage the practice what you learn here today folks by maybe applying this to some stocks that may be in your portfolio as well as your own watch list and remember in order to demonstrate the functioning out of the platform we did have to use actual symbols today keep in mind td ameritrade does not make recommendations or determine suitability of any security or strategy for individual traders any investment decision you make in your self-directed account is solely your responsibility so if you enjoyed what you learned here today folks please smash the like appreciate your support and we'll talk to you again real soon bye now you

2022-06-17 23:55

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