The past gives us a good idea of what the current market might act like. We study the past, not to predict the future but to be aware of potential scenarios.
Anchored VWAP levels from the prior year are still relevant on many charts, check out the action in Ford.
Keep an eye on my twitter for a link to a free webinar I am doing with Thomas Thornton about the Anchored VWAP. It will be on Wednesday at the close.
Quick refresher on how to use the 5 day MA on an intraday timeframe.
If you are a short term SP500 trader, be aware of the AVWAP in the SPY and the ES Futures contract.
