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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 ind. -0.3% this morning ahead of the PCE Deflator at 8:30est and now just below its 5d MA (Moving Average), note the price action has been super tight this week , let's see if the data this morning or perhaps new $ being put to work in beginning of March. I am watching that 1hr Value Area for clues
1hr chart: Look at this consolidation at the top of this week's Value Area! This would be a great bounce spot, but have to be mindful of a break into the Value Area, I continue to watch 5066
QQQ - NDX 100 ETF - Daily chart: Price ind. -0.2% and also super tight price action this week. As the price has gone sideways the MAs have caught up and price is right around that 5d and 20d MA . Will be watching for a break in either direction here
1hr chart: As mentioned the price action has been super tight, but there has also been a bit of a downward drift. Note price has been inside its Value Area all week, levels to watch below
IWM - Russell Small Cap ETF- Price cooling off a bit this morning after 4 up days, ind -0.6% - due to the sideways nature of the Small Caps.. do we see another check back to its 50d MA? My thought is this stays sideways unless we see a meaningful move lower in interest rates
1hr chart: Price continues to consolidate around that VPOC takeout and remains above its Value Area for the week
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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