Professional Trading with Volume. A Must See Video!
NYSE - New York Stock Exchange
NYSE Historical Data
When it comes to the NYSE index technical analysis, every professional analysts will tell you that you need the historical index volume charts and index advance decline charts (advance decline charts are also referred as to Breadth charts). Index technical analysis (NYSE Composite index analysis) covers analysis of price action, analysis of volatility of price movements, analysis of trading volume and money flow and analysis of Breadth data.
Only wen you have access to the history of volume, price and Breadth data, you may have complete analysis of the NYSE composite index.
It is important to understand when you focus your analysis solely around price based technical indicators you are missing important details of a puzzle. An index's price could be pushed up by 10% of the strongest stocks listed in this index. If the rest of the stocks are bearish, you may expect a strong reversal down when the strongest bullish stocks start to weaken.
Price analysis does not show it - only advance decline analysis may reveal it. At the same time price may continue to move up while money starts to be pulled out of the market. Again, price analysis will not tell you it, yet, volume and money flow analysis may alert you ahead of the changes in the money flow direction.
If you want to see the complete picture of NYSE index trend and receive a complete analysis you need to add volume and advance decline charts to your arsenal.
On the index chart #1 below you may see the example of the historical NYSE composite index daily price volume and advance decline data:
Chart #1: Example of the NYSE index historical chart with daily (1 bar = 1 day) volume and daily advance decline issues and advance decline volume data:
On the another chart #2 below you may see the NYSE Composite index intraday volume and advance decline history.
Chart #2: Example of the NYSE index historical chart with intraday volume and daily advance decline issues and advance decline volume data: