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Strategies & Market Trends : SPY & QQQ intraday chart observations by rimshot

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To: rimshot who wrote (1020)11/29/2022 8:56:42 AM
From: rimshot2 Recommendations

Recommended By
robert b furman

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S&P 500 McClellan Oscillator on Monday November 28 declines to the positive 24 level,
after spending several days at OverBought levels ... the 21-day moving average smoothing
of the McClellan Oscillator continues to decline and continues to rollover from its high of recent weeks

* bulls do not want to see the S&P 500 McClellan Oscillator spend future days below its zero line, which is completely
dependent upon the daily Advance-Decline values for the S&P 500 residing in positive territory

* the November 28 negative print at negative 426 by the net Advance-Decline was the 1st negative
print in six days by the S&P 500 A-D -

* the S&P 500 index daily cumulative A-D line is now declining from its OverBought condition having
recently tagged the daily 50,2 upper Bollinger Band -
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