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 (1099)	1/8/2023 4:12:10 PM
From: robert b furman	of 1309

Hi Rim, Good breadth and a bounce of the BB midpoint instead of the lower channel line. What's not to like? Bob

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To: robert b furman who wrote (1102)	1/8/2023 4:30:33 PM
From: rimshot	of 1309

sure Bob, take the lazy man's route to interpreting the market - LoL there is a difference between being short of adequate study time & skill vs. possibly influencing others with posted content that could lead others to not accurately assess Risk vs. Reward tempting others to choose the lazy route to evaluating Risk vs. Reward is not my deal ... please post your opinions at another board ... in addition, I am not interested in taking the time for internet chats because life is short ... I used to be willing in past years, but no longer ... my use of time determines my physical health and emotional health I am being honest at the risk of appearing rude, though that is not my intent best of luck to you

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To: rimshot who wrote (1103)	1/8/2023 5:56:06 PM
From: robert b furman	of 1309

Hi Rim, No problem. Those posts you note advancing breadth also coincide with my climax daily studies which have been very negative of late, and have very recently reversed. Those show the early October period to have been marked with a lot of retail selling, followed by a lot of tax loss selling into the late December time period. Since 12/30 we've had a nice spike in buying at value levels for many stocks. Your chart references support that a change of order flow has switched just recently IMO, yet bull bear emotions still seem skewed to fear. Didn't mean to take a lazy approach, as you call it, just noted a similar switch in buying patterns from a climax study done on the Dow 30 stocks utilizing OBV. No need for open dialogue or exchange here, as your time is finite - Mine is as well. I understand and accept a thread to record observations for one's record. Didn't mean to bump into your personal notes/records. Will move on and wish you the best of trades as well. Bob

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To: rimshot who wrote (1097)	1/9/2023 12:53:19 PM
From: rimshot	2 Recommendations of 1309

3999.xx = /ES 200-day SMA current value -- January 9, 2023 vs. 3973.25 HOD so far on January 9 3940.xx = /ES 50-day SMA 3918.xx = /ES 50-day EMA 3904.xx = /ES 21-day SMA 3885.xx = Weekly Pivot value for week ending January 13

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To: rimshot who wrote (1105)	1/9/2023 1:36:12 PM
From: catou1	3 Recommendations of 1309

hi rimshot, Ciovacco, posted a nice chart last weekend. showing AMZN:SPX. it;s at 2018 low. youtube.com

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To: catou1 who wrote (1106)	1/9/2023 2:22:53 PM
From: rimshot	2 Recommendations of 1309

hi Catou - the Relative Strength ratios vs. SPY for the 11 S&P 500 sectors are useful for trading the /ES and SPY ... my 11 charts show the ratios' total Percentage Change since the December 30, 2022 close for each Relative Strength ratio ... the upward or downward trends are readily visible also, will be helpful in future to increase confidence when identifying possible bull traps OR bear traps for SPY price action total Percentage Change for the XLK vs. SPY ratio plot ( Relative Strength ) - stockcharts.com

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To: rimshot who wrote (1105)	1/9/2023 3:26:00 PM
From: rimshot	3 Recommendations of 1309

/ES and SPY bulls need SPY 387.43 to hold on a lasting basis, if and when tested from above 387.43 = an adaptive daily chart element, so price value will change with the price action $SPX cash index 3905.73 = one possible bull / bear divider, going forward ... from the daily chart

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To: rimshot who wrote (1105)	1/10/2023 11:24:20 AM
From: rimshot	1 Recommendation of 1309

3898.85 = /ES 21-day SMA current value, January 10th morning update -- lower value than January 9 screencast.com screenshot with daily 21,3 Bollinger Band is updated January 10th morning * basis the March 2023 /ES emini contract pricing for the entire chart period displayed

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To: rimshot who wrote (1108)	1/10/2023 12:53:10 PM
From: rimshot	1 Recommendation of 1309

389.23 = SPY minimum level bulls need to hold above on a lasting basis into today's January 10 close 389.99 = HOD, so far 386.27 = LOD, so far ... *368.70 to 385.20 is possible* minimum new low** price range to be seen later this week $SPX daily closes chart repeated - stockcharts.com

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To: rimshot who wrote (1110)	1/10/2023 2:15:06 PM
From: rimshot	1 Recommendation of 1309

390.14 = possible horizontal bull / bear divider into today's January 10 close 390.06 = HOD, so far .... HOD was 389.99 earlier

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