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

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To: rimshot who wrote (18)12/3/2023 2:25:09 PM
From: rimshot2 Recommendations

Recommended By
ajtj99
skier31

   of 1309
 
John Bollinger, CFA CMT briefly explains how to identify
M-Top & W-Bottom patterns by comparing:

1. the chart pattern of the %b
to
2. divergent directional movements by price action

YouTube published Wednesday November 29, 2023

* scroll to 15 minutes into the video where identifying
divergent patterns by the %b vs. price action is explained

John Bollinger: What’s Behind The Bollinger Bands

youtu.be

here is my version of the SPY daily closes chart using
the 126,2 BB and 126,2 %b -

stockcharts.com

( 126 days = 6 months of trading days )

Note - in this chart, the price history is adjusted downward
by the amount of each quarterly dividend paid, which
chief technician John Murphy determined at StockCharts.com is the default
chart assessment view

=============================================

The Market Timing Chart Pack is a collection of charts
John Bollinger uses to forecast stock market movements.

It is updated weekly and is available to all BollingerBands.com visitors.

Guidelines for the Market Timing Chart Pack can be read here.

bollingerbands.com
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