SPY Volume Spread Analysis
SPYJoin me with my analysis via Volume Spread relationship as I show you the logic behind money flow to trade alongside Smart money.
Key concepts:
1)Smart money always buy on down bar and sells on up bar
Therefore:
Weakness is always shown in upbar
Strength is always shown in the downbar
2) Relative Effort VS Results
We will see an abnormally when:
There's a huge volume but little price change (Narrow Spread)
There's a low volume with huge spread (markup / test)
In conclusion, hidden weakness in demand for weekly chart form for SPY. potential to look out for would be fail demand candle. Buying climax bar, and a keen level of 3000 for smart money to test.
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