VIDEO 📽️Stock Mkt & Crypto Analysis 4/17/24

view here 👉👉 alphatrends.net/archives/premi…

00:00 $SPY Hits YTD ⚓️VWAP
01:50 $IWM 38.2% & Oct ⚓️
04:11 $QQQ failure YTD ⚓️
05:54 $SMH flush to YTD ⚓️?
07:58 $XBI fresh lows
09:56 #Ethereum #Bitcoin
11:16 $TLT Broken

VIDEO 📽️Stock Mkt & Crypto Analysis 4/17/24

view here 👉👉 alphatrends.net/archives/premi…

00:00 $SPY Hits YTD ⚓️VWAP
01:50 $IWM 38.2% & Oct ⚓️
04:11 $QQQ failure YTD ⚓️
05:54 $SMH flush to YTD ⚓️?
07:58 $XBI fresh lows
09:56 #Ethereum #Bitcoin
11:16 $TLT Broken

It is not encouraging action for short term that the AVWAP from the low has not been defended in $SPY

Below decl 5 DMA still guilty until proven innocent at this important level of interest

YTD ⚓️VWAP

$SPY

Undercut round number, grab stops and uneducated short sellers

My crypto exposure is very small right now, both #Bitcoin and #Ethereum are below declining 5 & 20 DMAs and below adv 50DMA

Daily chart on left/ 4 hr on right

$SPY is down 4.20% from its all time high

The ⚓️VWAP is NOT just for short term traders

Look at the Invesco Solar ETF $TAN ⚓️VWAP since its inception 18 years ago

That is not a coincidence

tune in now to watch Shawn in his daytrade and stick around after for 'Traders Stay Late'

👇👇👇

Short term level of interest in $SMCI

AVWAP from 3/19 gap lower
MTD AVWAP (blue)
also at daily R2 (not shown)
and just below 20 DMA (not shown)

selloff and barcode $SPY $QQQ week to date charts

Funny how quiet the Pelosi critics are when the stock purchase doesn't show a large gain

$PANW chart from @Marketsurge

This purchase was nothing like $NVDA
PANW in downtrend, NVDA in uptrend

Daily chart of #Bitcoin

20DMA - blue
50DMA - green

Auto anchors from leveluptools.net for TradingView by John Muchow, MSCS

YTD, YTD High and YTD low
convenient tool tells you % away from each

Russell 2k $IWM

Important level of interest based on
1= Green Anchored VWAP from October 23 low
2= 38.2% retracement of 2023 low to 2024 high

Near term levels of interest in $SPY
195 minute chart = 2 equal periods per day

1 = 38.2% retrace of year low to ATH
2= ⚓️VWAP from year low
3= YTD ⚓️VWAP

clearly not a place to be getting short but also too early to buy

Cash is a position or scalp mode

This is a theme I am seeing on many charts
1- Break the YTD AVWAP and drop to
2 - AVWAP from October low
$CRWD $CYBR $AMD $XBI

I've been wanting a test of the YTD ⚓️VWAPs and it looks like $QQQ will be the first to do it, $SPY still possible on this move too and $SMH finally broke support and looks to test rising 50

keep a close eye on $LPG for a trade, don't be fooled by the current great sales and eps, while profits are expected to be up big this yr, they fall right back off next year #OnlyPricePays

daily chart from MarketSurge

black arrow represents my worst case stop, make the trade…