Here are some of my first experiments with Positive Volume Index AND Negative Volume Index. From my initial research, they give a better view when both used.

Extract from https://www.fidelity.com/learning-center/trading-investing/technical-analysis/technical-indicator-guide/positive-volume-index

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Now here it’s applied to perfection on the monthly chart on ZQ_F!

And here is some fancy calculations for probabilities of a next cut, bouncing today to a slightly higher chance.

Rate going lower and should continue to help macro drive the precious metals complexe.

EDIT: Adding PVI/NVI analysis to silver futures on monthly chart… insane how the “smart money” was out of the trade… until now!

EDIT 2: Adding analysis for GDX. IN their case, the “crowd” gets in early and the “smart” money confirms latter on…

Edit 3: Adding analysis for gold futures GC_F. Pattern emerging, as the “crowd” is waiting for the “smart” money to confirm!

One last edit! Weekly seems to be a sweet spot for agility vs reliability. Check this chart for FNV