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dylanmojo

Analysis of DIA, QQQ, SPY, VIXY

ProShares Trust VIX Short-Term Futures ETF (AMEX:VIXY)  
dylanmojo Updated   
AMEX:VIXY   ProShares Trust VIX Short-Term Futures ETF
Support and Resistance Supply and Demand Volume Weighted Average Price (VWAP) avwap DIA QQQ SPDR S&P 500 ETF (SPY) VIXY multitimeframeanalysis
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supportandresistance supplyanddemand vwap avwap dia qqq spy vixy multitimeframeanalysis
Long term markets are still long, but price action and VWAP analysis is showing weakness today and yesterday which may roll over into a further correction down in price. The VIX is a little less bearish about market direction on an intraday basis.

My bias is down or sideways. There is an increasing amount of resistance to the upside and not a lot of base building to move through up through the resistance IMO.
Comment:
SPY and DIA moving up above significant AVWAP support lines. If price holds above those lines then the bullish case is bolstered. QQQ isn't quite there yet, but is trying!
Comment:
Closed the day without exceeding the resistance line for the SPY. Last hour of the day sellers were in control of SPY/QQQ/DIA.
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