3900 is proving to be a major battleground, there is a lot of price memory here from Anchored VWAPslight blue=June lowpurple = August highgreen= 2022 lowred= December highdark blue= Fed meeting market is stuck in a choppy zone until it breaks the 3800-3900 range $ES_F $SPY pic.twitter.com/HIbMvNe1ie — Brian Shannon, CMT (@alphatrends) January 4, 2023 […]
Chart of the Day – Tuesday, October 11th, 2022
There is no such things as "down too much" when there are still sellers$META is less than 10% above the volume weighted average price it has traded at since its IPO 10 years ago. I would bet MOST people are losing money on the stock Level of interest, at AVWAP IPO & prior low pic.twitter.com/amxGFbHaGR […]
Chart of the Day – Monday, July 18th, 2022
Where has it come from? 129 to 150 +21 or 16% in 4 weeks Where does it have the potential to go before enough supply is found to become resistance?⚓️VWAP from the March 29 high right here Is the risk worth reward for new purchase here? NO$AAPL pic.twitter.com/TQHEBH32Km — Brian Shannon, CMT (@alphatrends) July 18, […]
Chart of the Day – Thursday, June 16th, 2022
As discussed in Spaces w @WOLF_Financial $SPY bigger below is ~350 for 3 reasons that line up together 1 -⚓️VWAP 2018 low2 – 200 week SMA3- 50% retrace of Covid yes, Im aware of the 200 wk EMA at ~363 pic.twitter.com/sKBAPxWZ2o — Brian Shannon, CMT (@alphatrends) June 16, 2022 Today’s Chart of the Day was […]
Chart of the Day – Friday, May 13th, 2022
there are no coincidences$SPY ⚓️VWAP from Covid pic.twitter.com/InY1me8ITC — Brian Shannon, CMT (@alphatrends) May 13, 2022 Today’s Chart of the Day was shared by Brian Shannon (@alphatrends). It’s a daily candlestick chart of the S&P 500 ETF ($SPY) since the beginning of the pandemic. Brian points out that $SPY rebounded right at the Volume Weighted […]