RodCasilli

Where's The NQ Headed To Start 2024? Volume Leaves Clues...

CBOT_MINI:YM1!   E-mini Dow Jones ($5) Futures
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

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