Breadth
- 26% Up Volume - poor market breadth
- TICKs extreme -1200 print on open and a bounce back to lows indicting selling
Movers (Mkt Cap > $5B)
% Change From Open & Themes (see yellow box)
SPX 4wk new highs vs new lows (chart below lags by 1d)
8 new highs today & 72 new lows - new lows really outweighing highs by a large margin
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.
Charts (Trade Ideas in Next Section)
My post on the US Dollar earlier today
SPY Daily chart (note the Daily Chart contains this month’s Value Area)
Price legging lower and remains below the 5d, 20d, 50d MA’s and next to watch below is 200d and top of yearly Value Area which is $561.37
QQQ Daily chart (note the Daily Chart contains this month’s Value Area)
Price moving back down to VPOC and getting closer to that top of yearly Value Area support $486.56
IWM Daily chart (note the Daily Chart contains this month’s Value Area)
Price hanging around VPOC takeout
Trend remains down
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Charts I am watching / Trade Ideas + Position Update
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