We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : SPY & QQQ intraday chart observations by rimshot

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: rimshot who wrote (1241)9/23/2023 1:29:00 PM
From: rimshot1 Recommendation

Recommended By
Lee Lichterman III

   of 1309
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 minus Selling Power when compared to the ROC zero line-

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

( ROC stands for Rate of Change )

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

& 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 ...

optimally the chart condition for both Moving Averages is 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
has been pointing down toward the ROC zero line
for all indices

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

" 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. "

( )
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext