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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.
ES_F - SPX Futures - Daily chart: Prices continuing to trend lower this morning -0.3% after a big down day yesterday, SPY -2.3%. Price is now deep into its July Value Area and the #bearish 80% rule is in effect looking for a move down to the bottom of the July Value Area, 5365.75. Also, note, price is below its 50d MA
1hr chart: Price took out a downside VPOC (blue line), possible short-term bounce area
QQQ - NDX 100 ETF - Daily chart: Price completed the #bearish 80% rule yesterday and now down to the bottom of the July Value Area, watch $464.25 and if this does not hold today, then next lower level is $451.5 VPOC
1hr chart: Price took out a downside VPOC which is a possible bounce area, if that does not hold watch next blue line down (VPOC)
IWM - Russell Small Cap ETF- Daily Chart: Small Caps succumbed to the overall market volatility yesterday, -2.2% and slipped back below its 5d MA. That continues to be an area to watch in the move higher over last 2 weeks.
IWM 1hr chart: Price got rejected at the top of this week's Value Area, $229.90 resistance , support is $215.59
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)
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