WMT may be benefiting from the potential suspension of federal rate hikes potentially giving consumers more buying confidence and maybe a stabilization of credit card rates as another form of relief. On the 4H chart, WMT is showed with a pair of anchored VWAP bands set at the beginning of a prior breakout on June 30th and the pivot high on July 5th. Price had...
SPY sellers have been in control since March 29, and today finally hammered the SPY down below a significant support daily chart support level - finding support at the AVWAP drawn off of the March 15th Fed rate hike. I believe the support level that was gapped below today will be tested as resistance in the near future. If it fails off of that support level, I'd...
VWAP is an indicator measuring price and volume compared to the moving average measuring price only. I take a major low or the beginning of the trend and i plug the VWAP. I also go to the previous swing high and do the same. Usually it creates a space between the 2 VWAP lines which is considered a non trading area and I wait for price to break either direction ,...