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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 & VPOCs which indicate significant support & resistance levels. Learn More Here about Volume At Price and the MarketWebs.
SPY- S&P ETF - Daily chart: Price ~ flat this morning ahead of a big week of events and data (CPI, PPI, #FOMC, Quad witching, Retail Sales, Bond Auctions, etc).
Price broke out of the range on Friday & out of the Dec Value Area, support is now $458.32 & upside VPOC target $467.2
1hr chart: Price starts the week above its new Value Area, support $458.42
QQQ - NDX 100 ETF - Daily chart: Price now above all short term MAs (Moving Averages) but still inside its Dec Value Area, resistance to watch $394.14
1hr chart: Price starts the week above its new Value Area for the week, support to watch $389.92
IWM- Russell Small Cap ETF- Daily Chart: Price currently above its 5d MA (and its Dec Value Area) which indicates its short term trend remains up.
1hr chart: Price starts the week just above its new Value Area for the week, watch $186.73 support & upside VPOC $189 next overhead supply level to watch
Here is today’s TTG Proprietary Stock Screen “Out of the Box” using Volume At Price
names trending above their Value Areas (on 3 multiple timeframes & not super extended)
Charts
CAT Weekly, Daily chart
Caterpillar Inc. designs, manufactures, and markets construction, mining, and forestry machinery. The Company also manufactures engines and other related parts for its equipment, and offers financing and insurance. Caterpillar distributes its products through a worldwide organization of dealers.(Bloomberg)
- Using the TTG MarketWebs, upside short term target is $269.24 VPOC / stop price $252
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