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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. +0.2% this morning and right at its 5d MA (Moving Average) and that is what I am watching today is to see if price can reclaim this short-term MA for a short-term change in trend. Note, yesterday price was not able to do it & closed just below. Also, as I noted in yesterday's video, overall breadth has been slowly improving since the middle of last week.
1hr chart: Price made it into its Value Area for the week yesterday and triggered the 80% rule, indicating that as long as price is > 5027.75 then there is a 80% chance to move to top of this week's Value Area, 5118
QQQ - NDX 100 ETF - Daily chart: Price ind. +0.2% but still remains below its 5d MA and the lower VPOC to watch in case volatility increases is $411.02
1hr chart: Interesting, price has not been able to make it into its Value Area for week, resistance to watch is $420.67
IWM - Russell Small Cap ETF- Price underperforming this morning , -0.3% and is just above its 5d MA , let's see if price can stay above that short-term MA today
1hr chart: Price hit the top of its Value Area (resistance) yesterday and we rejected on its 1st attempt, level to watch here is $195.90 (support $192.58)
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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