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

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To: rimshot who wrote (1151)1/27/2023 2:08:22 PM
From: rimshot1 Recommendation

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Golden cross condition for day #1 in SPY today with price at a 5-day high (momentum)
and price rests above both 200 & 50 day SMA's.

This didn't happen during either the 2000-02 or 2007-09 bear markets

$SPX daily closes chart marking key 4080.xx horizontal which bulls need to surpass

* SPY Golden Cross can be seen in the far right margin

many technicians are skeptics about the action ability of the Golden Cross

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