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

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To: rimshot who wrote (670)1/8/2023 4:05:12 PM
From: rimshot1 Recommendation

Recommended By
ajtj99

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$OEX vs. $SPX daily close ratio plot for 2 years & 3 months -

stockcharts.com

$OEX vs. $SPX daily close ratio plot in a line format -

stockcharts.com

$OEX vs. $SPX cumulative percentage change in the daily Relative Strength ratio
since April 1, 2021 close -

stockcharts.com

*** collective meaning of the three charts is:

Bear Market conditions likely persist until the individual stock
leadership for the S&P 500 index on a Market Capitalization dollar value basis
shifts away from the top Market Cap weighted 25 or 40 stock components

of the S&P 100 index

*** it is prudent for swing traders to focus their trade entry & exit timing
based on the prevailing direction of the $OEX vs. $SPX daily ratio ***
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