Finviz added a nice anchored VWAP tool. Click the button on the image, then click the candle you want to anchor to. Look at Moderna. The stock closed up 177% yesterday, a record day, after its cancer vaccine with Merck succeeded in a large trial. Pull up a five-minute chart and anchor to the candle where it took off yesterday morning. That line is the average price everyone has paid since the move began, weighted by volume. Moderna has come back and touched it several times since, and it bounced every time. Each of those was a clean short-term trade. One line defines right and wrong. If price holds, you get the move. If it breaks, your stop sits right there and it's cheap, because a name that loses that line usually rolls straight over. You're not guessing where to put your risk. The line carries weight because volume built it. Price only gets pushed under a volume-weighted average by size, and not the kind retail can generate. That's institutions leaving, and you find out the moment it happens. You can anchor to any significant moment, not just a stock's breakout. Treasury announced the bigger bond buybacks around 8:30 yesterday morning. That's an institutional line, because that's the minute the money made its decision. Anchor gold futures to 8:30 yesterday. Gold broke under that level this morning, came back to test it, and is rolling under it now. Do the same on the SPY on the three- or five-minute chart, using the same 8:30 anchor. The market pivoted off that line cleanly several times yesterday. We're back under it this morning, with the line at 769.81. Add a regular VWAP alongside the anchored one. A common play is trading from one to the other. On the chart below, the thin blue line to the thick orange one. SPY sits below the anchored line right now. If it crosses the regular VWAP to the upside and gets momentum behind it, you take it there and play for the reversion back up to 769.81. Buy the first in-the-money call instead of reaching out of the money.