SPY & QQQ intraday chart observations by rimshot Message Board

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

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ajtj99

To: rimshot who wrote (1084)	1/11/2023 11:56:11 AM
From: rimshot	1 Recommendation Read Replies (3) of 1309

heads-up alert for swing traders & investor-style traders: 1. the NYSE McClellan Oscillator is now located in firmly Over Bought region now at positive 71.31 level ( some more upward travel still possible ) and 2. the NYSE daily cumulative Advance-Decline line is now above its daily 50,2 upper Bollinger Band ( usually means Over Bought ) and 3. the NYSE Composite Index price action *remains below its August 2022 daily close* high for multiple months 7-years history for the NYSE McClellan Oscillator** - stockcharts.com $NYA daily closes chart - * shown above the $NYA price action is: the NYSE daily cumulative net Advance-Decline breadth line that is now briefly resting above its daily 50,2 upper Bollinger Band stockcharts.com

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