The sellers had the ball to start off 2024, especially for the NQ which had its biggest decline in over 3 months.
In this brief 5-minute video, I touch on my 2 favorite *indicators* of potential price direction, Anchored VWAP combined with a range-based Volume Profile. This methodology highlights areas the market may revisit, potentially in short order, as we kick off the year.
Indicators on the chart:
Anchored VWAP
Visible Range Volume Profile (VRVP)
233 Exponential Moving Average
Where’s The NQ Headed To Start 2024? Volume Leaves Clues… by RodCasilli on TradingView.com
