TTG Index Charts & Out of the Box Stock Screen 4/22/24 $TSN $SFM
Out of the Box MarketWebs Screen
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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: Price ind. +0.6% this morning starting week in green. Can it stay that way? Well, these gap ups have been faded last weeks so will be mindful of that pattern. In terms of technincals, price is still below its 5d MA and that is a must watch this week to see if price can regain a short-term Moving Average. Overall, price is "stuck in the middle" between the April Value Area and next lower VPOC at 4860. Another indicator to watch is breadth which was not terrible last week, will want to continue to see that improve this week.
1hr chart: A great level to watch to start week, 5027.75 is the bottom of this week's Value Area and will want to see price stay above this level as it would trigger the 80% Bullish Rule looking for a move to 5118 top of Value
QQQ - NDX 100 ETF - Daily chart: Price ind. +0.4%, but lower VPOC lingering at $411.02, that may represent a demand level and will be interesting to see if price takes out that level this week.
1hr chart: Again, good levels to watch on 1hr chart, lower VPOC $407.8 which i a little further down than the VPOC on Daily Chart, and upside level to watch for a potential reversal higher is $420.67 bottom of this week's Value Area
IWM - Russell Small Cap ETF- Price ind. +0.5%, and hanging around that VPOC (blue line) that was taken out last week. Similar to the other indices, price is below its 5d MA and will need to be regained for a meaningful bounce / reversal. Downside VPOC to watch is $188.89
1hr chart: Price is starting the week inside its Value Area , support to watch $192.58 and resistance $195.90
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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