SPY & QQQ intraday chart observations by rimshot

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

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To: rimshot who wrote (1065)	12/13/2022 1:20:25 PM
From: rimshot	1 Recommendation of 1309

the /ES descending tops trend line drawn from the all-time high was located at the 4187.50 to 4188.00 region early this December 13th morning before the cash market open when /ES briefly spiked to 4180.00 at the time of the CPI and Core CPI data releases * the /ES declining trend line has only several price events when it has been closely approached over the recent months

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To: rimshot who wrote (1064)	12/13/2022 1:26:06 PM
From: rimshot	1 Recommendation of 1309

a close examination of the eleven S&P 500 sectors, five of which comprise more than 50% of the index value: Summary chart interpretation: the eleven daily charts together present collective proof that more than a modest amount of vulnerability continues to exist for the trend-unhealthy sectors to drag downward the few slightly trend-healthy sectors in the coming weeks / months ( trend viewed since February 12, 2021 ) after each day's close, Fidelity provides an update for the Market Capitalization dollar value of each eleven S&P 500 sector, and a Percentage weighting influence on the S&P 500 Market Cap Weighted index can be calculated from this data - eresearch.fidelity.com

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To: rimshot who wrote (1045)	12/13/2022 1:46:41 PM
From: rimshot	1 Recommendation of 1309

399.29 = SPY rising 600-day SMA current value, as of 1:42 pm Eastern time December 13, 2022 399.07 = SPY low of day so far, as of 1:58 pm Eastern time stockcharts.com * the two short-term Net Advance-Decline oscillators representing 1. issues breadth & 2. volume breadth have been in a negative chart location below their zero line for a # of consecutive days

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To: robert b furman who wrote (1067)	12/13/2022 1:56:25 PM
From: rimshot	1 Recommendation of 1309

reply to Bob: I have recently been asked this question by professional money managers who should know better than to rely upon anything but being thorough in their independent analysis of chart facts as they develop I cannot allow myself to participate in taking short cuts to interpreting the present or the future, and I avoid enabling others to do so evidence-based chart interpretation requires examining as much actual evidence as time and knowledge permits hope you & yours are well, and enjoying life I have 9 consecutive days of snow shoveling without mechanized equipment under my belt, and am enjoying the exercise & time outdoors

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To: rimshot who wrote (1066)	12/13/2022 9:09:35 PM
From: rimshot	1 Recommendation of 1309

$1.1 Billion - Market on Close buying imbalance - Tuesday December 13, 2022, reported 3:52 pm Eastern $410 Million - Market on Close selling imbalance - Monday December 12, 2022 - 3:51 pm Eastern $3.2 Billion - Market on Close selling imbalance - Friday December 9, 2022 - 3:51 pm Eastern * $2.3 to $9.5 Billion represents historical large or extreme size for selling imbalances in the first 13 trading days of January 2016, the size of the MOC sell imbalances** was larger than usual ... and was seen for consecutive days which is a rare event Note - Phil Mackintosh, Chief Economist for the Nasdaq in 2019, has written a thorough article explaining the importance to market liquidity that institutions and market professionals are provided the preliminary MOC Imbalance quantity announcements in advance of each day's close for each individual stock ( article published September 2019 )

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To: rimshot who wrote (1072)	12/14/2022 9:14:46 AM
From: robert b furman	of 1309

Hi Rim, We ran 9 hours in a torrential downpour. Covered 590 miles. This morning is much nicer , no wind gusts and NOT RAINING. My 70 year old eyes don't do night driving in the rain very well. Looks like you got dumped on with many inches of snow. I got my fuel oil tanks in Wisconsin topped off yesterday early in the morning. Should be good to go till sturgeon spearing in February. Your Nordic skiing trails should be beautiful and deep I'm guessing. Go to go, longer half of drive is today. Enjoy all four seasons. Bob

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To: rimshot who wrote (1071)	12/14/2022 11:10:08 AM
From: rimshot	2 Recommendations of 1309

scalp short from 404.95 HOD region, based on 2 time frames not expecting more than 9 $SPX points profit, but will take more if technicals merit SPY 403.31 = down target #1 that is possible SPY 402.47 = down target #2 possible 1809.14 = $OEX HOD so far

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To: rimshot who wrote (1075)	12/14/2022 2:03:03 PM
From: rimshot	2 Recommendations of 1309

SPY 400.44 = bull/bear divider right now, valid & accurate value until the close today, Dec. 14 399.44 = next lower divider 399.65 is LOD, so far

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To: rimshot who wrote (1063)	12/14/2022 4:21:20 PM
From: rimshot	1 Recommendation of 1309

/ES 3980.xx = 150-day SMA, basis the March 2023 contract ( using all-trading-hours price action, so the closing time is later than the closing time each day for the $SPX cash index ) * value updated at 4:15 pm ET, Wednesday December 14, 2022 $SPX daily closes chart showing 12 years of price history & focused on 150-day SMA vigilance - 3927.xx = 150-day SMA current value, December 14 close stockcharts.com $NYA - 150-day SMA vigilance, which acted as firm resistance on Tuesday November 8, 2022 - stockcharts.com 14,888.xx = 150-day SMA current value, December 14 close

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To: rimshot who wrote (1059)	12/14/2022 8:03:46 PM
From: rimshot	1 Recommendation of 1309

$SPX daily chart with 21,2 Bollinger Bands for $SPX and for five other symbols including the All Country World Index ( ACWI ) - 3930.xx = $SPX 100-day SMA current value, which has provided support for this week's low, so far stockcharts.com * The MSCI ACWI captures large and mid cap representation across 23 Developed Markets (DM) and 24 Emerging Markets. (EM) countries ... With 2,893 constituents

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