Analyze Volume With S&P 500 Sectors by Domenico D’Errico
When the Fed meets, the world watches. Does action in the various S&P 500 sectors show any indication of what may happen based on their supply & demand areas? Let’s find out.
I strongly believe the information that technical indicators provide is based on hindsight; this is especially true for support & resistance indicators. This belief has led me to develop indicators for which price behavior can be clearly analyzed on out-of-sample data, or data not included in the indicator’s calculation. The indicator I am going to use for this article, named Supply & Demand Areas, which I developed into an app for Trade Station, is based on this concept...