Sometimes appears that price and therefore traders are reacting to the daily exponential VWAP (yellow and black banded line) as opposed to the regular daily VWAP (green line). Actually it is Volume Weighted Exponential Moving Average so perhaps it should be VWEAP. jayy
This is a thought experiment using my interpretation of Michael Oliver's momentum structural analysis (MSA). The 9 month (3/4 year) moving average/ 3 month momentum MSA went bearish in March. In contrast, the 36 month ma / 12 month momentum MSA has not yet triggered bearish.
The March bear candle, which broke below the bearish February outside candle, touched the...
The anchored VWAP (MIDAS) from the January 31, 2017 buyable gap up provided support again for Apple 4.18% . Apple 4.18% is back above its rising 200 day MAs (thin red curves are 200 ema and 200 sma - see below). Price is below most of the shorter term MAs which are now declining (a few quality EMAs are shown below).
Just watching AAPL to see if it halts at the triple bottom resistance in the cash. There is a double bottom relative to the SPY. However, the measured move target would have it move down a little further.
This is my first attempt to publish so nothing dramatic just a system test. Attached is the 2 dollar WEIS WAVE on the 1 day price chart. Actual wave volume is 1 million times the actual value.
Also immediately below the price chart is the 2 dollar WEIS VOLUME chart .
The lowest of the two volume charts is the 1 dollar wave of the APPL daily chart. ...