We can see if $EXC goes down it is headed for weekly support...potential pressure point.
Leader from the Utilities Group (strongest downtrending group today) - The moving averages appear what I like to call "stacked" in the bears favor. A look at the volume shows it extremely low at this time with recent major points of inflection to favor the short side of volume.
We can see $QQQ showing below the red 50 MA noting the angle of its decline. Blue lines are AVWAP. Extreme volume decline last couple days.
We can see $SPY price working under the 50 MA (RED) in a downtrend. The Blue lines are AVWAP from Recent high, start of 2022 and working between Pre Covid High and Covid Low. Note the Extremely low average volume last couple of weeks. Which AVWAP will price break next?
Watching $WTI as a PEG Strategy. The latest drop in price appears to be headed to AVWAP from day of gap up. Watching for support.
Uptrend, setting up www.tradingview.com