US Dollar +0.1% / 30yr Bonds -1.0% / Crude +0.1% & Nat Gas +0.9% / Copper -0.44% / Cryptos are lower BTC -1.9%
S&P options are implying a 58 bps move for today
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At TTG, I use Volume At Price in my chart analysis and I use the MarketWebs Indicator to provide Value Areas which indicate significant support & resistance levels. Learn More Here about Volume At Price and the MarketWebs.
$ES_F - S&P futures - Daily chart: Downside continuation this morning as Bonds Yields are higher with the 10yr at 4.5%. Price seems to be drifting lower to its 200d MA.
1hr chart: Price starts the week below its new Value Area, resistance up at 44401 and next support to watch is VPOC (red line) at 4309.25
QQQ - NDX 100 ETF - Daily chart: Price broke through its Sept Value Area and is now trending lower in short term. So far, price is above its Aug lows and will be an area to watch for support
1hr chart: Price starts the week below its new Value Area for the week, resistance $360.43 and lower VPOC (red line) $350.06 support
IWM- Russell Small Cap ETF- Daily Chart: Price drifting lower to that VPOC (red line) at $174.78 which is an area for possible stabilization
1hr chart: Price has started the week below its new Value Area for the week (resistance $176.56) , keep an eye on that lower VPOC $175.58 for a possible short term bounce.
Here is today’s TTG Proprietary Stock Screen “Out of the Box” using Volume At Price
Remember, I am only showing a few setups from the list here and review more in the TTG Trading Room. I provide a more detailed watchlist every weekend to start the week at TTG.
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