US Dollar +0.3% / 30yr Bonds -0.8% / Crude +1.3% & Nat Gas -2.8% / Gold -0.1% / Copper -0.3% / BTC -0.5%
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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 - Price continues to slip. SPY ind -0.3% ahead of monthly Jobs data and is moving below its 20d MA and towards next support $460.23 bottom of Jan Value Area
Note the Dollar is stronger again along with rates higher indicating “Risk Off” to start the day but we have a big day of economics ahead
1hr chart: Not much new to report here, price continues to trend lower...
QQQ - NDX 100 ETF - Daily chart: Price also slipping lower this morning and moving towards the bottom of Jan Value Area $390.9 & VPOC (red line) $388.04 which ultimately could be where we see some price stability
1hr chart: Price continues to trend lower with no major support nearby - until VPOC $387.87
IWM - Russell Small Cap ETF- Daily Chart: Price ind -0.5% and there is now a gap fill , note not much support nearby, will have to see if jobs report provides some change in direction
1hr chart: Similar to other indices price continues to trend lower
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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