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

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To: rimshot who wrote (1177)2/28/2023 4:18:54 AM
From: rimshot1 Recommendation

Recommended By

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Scott's daily ROC-25 charts for each major index,
smoothed with two moving averages for the purposes of:

1. ROC-25 moving average crossover vigilance ( ROC stands for Rate of Change )
2. zero line crosses by either one of the two ROC moving averages are in a bullish location if above the ROC zero line
in a bearish location if below the ROC zero line ...

which are optimally both required to confirm the probable directional Staying Power of any future
upward or downward price action

* the ROC-25 smoothed with the 55-day EMA and also smoothed
with the 5-day EMA are pointing downward toward the ROC zero line
for all indices,
with the exception of the ROC-25 55-day smoothing for the
$COMPQ ROC-25, updated for Monday's February 27, 2023 close

* Note - veteran technicians consider the $VLE technicals as especially reliable for divining the US market direction

( RIP Scott Stringer, master student of the math aspect of price analysis )

complimentary chart -

shown above is a daily chart showing the cumulative version
of the McClellan Oscillator for the NYSE Common-Stocks-Only data set
which currently shows the cumulative McO pointing downward toward the cumulative McO zero line
and also below its rising 30-day simple moving average for a considerable # of trading days,

which represents a warning sign for the ongoing health status of the US equity market
is what I consider an item not to ignore, as Arthur Hill, CMT likes to say
for special warnings when they occur

Message #74307 from rimshot at 12/1/2022 9:21:39 AM

Scott's 233,1 EMA applied to the SPY daily closes chart -

( as stated in prior months, Scott is now deceased nearly two years )

Note - SPY price history is adjusted downward by the amount of each

SPY quarterly dividend, so the price history will not match what Fidelity or ThinkOrSwim charts display

Message #1177 from rimshot at 1/21/2023 2:49:40 PM

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. "

( )
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