Morning Index view using the TTG MarketWebs

Good Morning!

This is how we start the day at the Tribeca Trade Group and then we discuss stock movers during the live premarket session at 9:05est. Note, the charts below use the TTG MarketWebs indicator which uses Volume At Price Market Profiles.

$ES_F - S&P futures - Daily chart: No follow through on yday's + price action with futures -0.5% which has been a theme of '22... looking at chart here, bottom of value 3861 continues to be a "sticky" area and it looks like price will open inside the  Jan Value Area come next week w/ 3800 ~ bottom of Jan Value Area

$ES_F 1hr chart: note the high point of yday was the top of value for the week, 3879

$NQ_F - NDX futures - Daily chart: A nice bounce in a downtrend yesterday and note nothing change in this picture as price remains in a weak position, below the Dec Value Area & below all short term MAs (Moving Averages)

$NQ 1hr chart: Price also back below this week's Value Area , resistance 10,973.5 (QQQ $265.48)

$RTY_F - Russell Small Cap futures- Daily Chart: Price continues to consolidate in an area of weakness (below the Dec Value Area) , note price has a chance to open up inside the Jan Value Area come Tuesday and new support for the month will be ~ 1750 (IWM $170)

$ZB_F - 30yr Bond Futures- Daily chart: Just like yesterday in Equities, bonds bounced, but no follow through so far today & price is below its 50d MA which also is troublesome to me and will be a must watch going into the new year as we have seen yields really affect equities in ‘22.

Commodities are quiet this morning, the Yen is higher as the BOJ intervened last night for a third day with an unscheduled bond purchase. More in the TTG Premkt session.

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