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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Lee Lichterman III

To: rimshot who wrote (1241)	9/23/2023 1:29:00 PM
From: rimshot	1 Recommendation 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 & 2.zero line crosses by either one of the two ROC moving averages are in a bullish location if above the ROC zero line and 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 stockcharts.com stockcharts.com stockcharts.com stockcharts.com stockcharts.com * 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. " ( StockCharts.com )

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