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

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catou1
To: catou1 who wrote (1106)1/9/2023 2:22:53 PM
From: rimshot2 Recommendations  Read Replies (1) of 1309
 
hi Catou - the Relative Strength ratios vs. SPY for the 11 S&P 500 sectors are
useful for trading the /ES and SPY ...

my 11 charts show the ratios' total Percentage Change since the December 30, 2022 close
for each Relative Strength ratio ... the upward or downward trends are readily visible

also, will be helpful in future to increase confidence when identifying possible bull traps
OR bear traps for SPY price action

total Percentage Change for the XLK vs. SPY ratio plot ( Relative Strength ) -

stockcharts.com




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