I've put together a bit of an explainer here about what the levels mean for the MarketWebs and how Auction Market Theory is applied.
Basic rules are very simple:
Above value = bullish trend
Below value = bearish trend
VPOCs = Price Targets
$XLU Weekly: Looks interesting. Price tested the top of Yearly VAH and the MA confluence. Also, tested the prior breakout zone.
Now it's poking it's head over the Yearly VAH. Nice bull flag on this timeframe.
Looks absolutely interesting and if it gets over the 8/10 EMA confluence, there's a potential that this runs hard.
H/T: @cfromhertz@MarketWebs
$VST weekly chart, held perfect test of yearly value area and likely heads to 200 now. Was a weak Q4 but tons of long term put sales in OI
Great value area chart by @MarketWebs always a good tool
Examining Emerging Markets, Video
- what is $EEM / $SPY telling us?
- is China beginning to trend?
- must watch levels to watch in $KWEB and how I am trading it
Trading system powered by @MarketWebs
Another name that many are not looking at is $NAVN. Not your MAG7 name but sporting a potential IHS or forming a handle for the cup on daily, that is trying to break higher. Retesting the Monthly VAH. Monthly VPOC higher is at 21, a potential spot of interest.
Recent IPO it seems but possibly in a the travel finance space.
Navan, Inc. operates an AI-powered software platform to simplify the travel and expense experience, benefiting users, customers, and suppliers. The company offers AI-powered travel, payments, and expense management solutions to streamline the travel lifecycle, from booking and policy enforcement to payment processing, expense reconciliation, and reporting. (Source: Yahoo Finance).
H/T: @cfromhertz@MarketWebs
Very thankful & grateful to have @web_begole@sp3cul8r@sssvenky@pharris667 in the TTG Trading Room & many others sharing their knowledge & trading ideas!
We continue to build an awesome platform! #teamwork
Have a great weekend all 🍻
reminder, with the @MarketWebs VolumeAtPrice Value Areas system --> THERE IS NO SUBJECTIVE ANCHORING
- support and resistance can be used on multiple timeframes
$SPY Things are looking bullish ahead of the announcement at 2pm. We have triggered the bullish 80% rule for today which will complete when we hit 684.50.
💡Looking at price action today compared to the Value Area from yesterday provides levels to trade against.
TTG 1st of the month MarketWebs webinar today at 4:30est today
- where are we seeing strength in US and Intl and we are we not
sign up for the Holiday special and attend
https://t.co/a9iycrZOGB
cc @MarketWebs
$AMGN right at the top of Monthly VAH. Looking for a range break over Friday's highs.
Have a position in this name but won't mind adding on the break above the VAH or Friday's highs.
391-400 in due course doable but initial spots 354-355 then 368-370 zones.
H/T: @cfromhertz@MarketWebs
$INTC - Gunning for a gap fill and the VPOC above at 44.08 and 43.59 respectively. Room to 48.41 on any consolidation, then we see. A ton of call buying into January and February on Friday or lately.
Note: I have a position in this name.
H/T: @cfromhertz@MarketWebs