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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 - Price under some pressure this morning , ind. -0.4% and price testing that 20d MA again, let's see if this time we see a break. Note, underlying breadth has also been declining a bit over last week
1hr chart: Price starting to test the bottom of its Value Area for the week, watch 5188.75 support and next is downside VPOC (blue line) 5142.5
QQQ - NDX 100 ETF - Daily chart: Price ind. -0.7% this morning and price was rejected yesterday at the top of its Mar Value Area (resistance $439.06) and the #bearish 80% rule is still in effect with the rule being completed at $427.86 bottom of Value.
1hr chart: Price is now below its Value Area for the week with resistance up at $436.53
IWM - Russell Small Cap ETF- Price ind. -0.7% and may break into that Mar Value Area today, next area of support would be it 50d MA
1hr chart: Price is now below its Value Area for the week, resistance is now $201.87 and lower VPOC (blue line) $199.02 to target on downside
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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