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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- S&P Futures - Ugly reversal yesterday as bond yields gained after a poor 5yr auction. Even after reversal, price is still holding its 5d MA (Moving Average), and that is what I am watching to see if price can maintain above this short term MA to hold the short term trend
1hr chart: Price still decently above its Value Area for week, support down at 4821
QQQ - NDX 100 ETF - Daily chart: Price ind. +0.2% this morning and similar to the S&P after a toppy looking candle yesterday, price is still above its 5d MA & I am watching to see if price can stay above this short term MA
1hr chart: Price still trending above its Value Area for the week
IWM - Russell Small Cap ETF- After an ugly reversal yesterday (price fell 2% from the open) , price is bouncing this morning, ind +0.5%. I would continue to watch interest rates for clues regarding the direction Small Caps. For now, price remains inside its Value Area for the month
1hr chart: Price sideways for week, but still 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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