Chart In Focus

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July 18, 2019

QQQ Volume Showing Us Sign of a Top

When analyzing trading volume, one should understand that it works differently in ETFs than it does in individual stocks.  Volume studies can be important in individual stocks, to help confirm the validity of an apparent breakout for example.  Volume is also important to help validate a head and shoulders structure.  But in the big ETFs like QQQ or SPY, volume works in a different way.  Very simply, those ETFs’ volume tends to move inversely with prices.  Falling prices serve to get traders more excited, and they turn to the big ETFs for their greater trading liquidity.  Some traders also employ those… more


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