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

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To: rimshot who wrote (1176)1/21/2023 2:49:40 PM
From: rimshot1 Recommendation

Recommended By
ajtj99

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Scott's daily charts for five indices showing
the ROC-25 smoothed with the 5-day EMA & 55-day EMA
for trend interpretation of the positive or negative net
Buying Power when compared to the ROC zero line -

* Scott (RIP) smoothed the ROC in order to avoid trend identification whipsaw

SPY - 5 EMA has risen since Jan. 9 and both EMA's rest near zero line all of this week

$SPX - 5 EMA has risen since Jan. 9 and both EMA's rest near zero line all of this week

$VLE - both EMA's rest above zero line for 2 weeks

$NYA - both EMA's rest above zero line for 2 weeks

$COMPQ - both EMA's rest below zero line since mid-December ... rising since early January

" The Rate-of-Change oscillator measures the speed at which prices are changing.
An upward surge in the Rate-of-Change reflects a sharp price advance.
A downward plunge indicates a steep price decline.
Sustained advances often start with a big surge out of the gate.

Subsequent advances are usually less sharp and this causes
a bearish divergence to form in the Rate-of-Change oscillator.

It is important to remember that prices are constantly increasing as long
as the Rate-of-Change remains positive. "

( StockCharts.com )
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