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 (1084)	1/11/2023 11:56:11 AM
From: rimshot	1 Recommendation of 1309

heads-up alert for swing traders & investor-style traders: 1. the NYSE McClellan Oscillator is now located in firmly Over Bought region now at positive 71.31 level ( some more upward travel still possible ) and 2. the NYSE daily cumulative Advance-Decline line is now above its daily 50,2 upper Bollinger Band ( usually means Over Bought ) and 3. the NYSE Composite Index price action *remains below its August 2022 daily close* high for multiple months 7-years history for the NYSE McClellan Oscillator** - stockcharts.com $NYA daily closes chart - * shown above the $NYA price action is: the NYSE daily cumulative net Advance-Decline breadth line that is now briefly resting above its daily 50,2 upper Bollinger Band stockcharts.com

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To: rimshot who wrote (1110)	1/11/2023 1:24:58 PM
From: rimshot	1 Recommendation of 1309

1-minute SPY chart setup triggered a day trade Sell Short entry at prices near or above 394.24 HOD is now 394.28, January 11

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To: rimshot who wrote (1117)	1/11/2023 2:02:24 PM
From: rimshot	1 Recommendation of 1309

re-shorted AAPL near 133.20 today, HOD so far is 133.24 132.29 = adaptive bull / bear divider in play as accurate adaptive value for next 10 minutes only * based on 1-minute chart setup a day trade this time around

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To: rimshot who wrote (1116)	1/11/2023 2:13:37 PM
From: rimshot	1 Recommendation of 1309

Negative Divergence setup today: $OEX has not yet surpassed its 1754.80 intraday day high printed on Monday January 9 while $SPX and SPY have only briefly surpassed the Jan. 9th HOD

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To: rimshot who wrote (1116)	1/11/2023 2:37:19 PM
From: rimshot	1 Recommendation of 1309

for swing traders: daily net Advancers minus Decliners count for six indices - stockcharts.com * updates about 120 minutes after each day's market close

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To: rimshot who wrote (1111)	1/11/2023 2:42:19 PM
From: rimshot	1 Recommendation of 1309

394.64 = SPY major adaptive bull / bear divider from the daily 394.31 = HOD so far, January 11

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To: rimshot who wrote (1119)	1/11/2023 2:51:03 PM
From: rimshot	2 Recommendations of 1309

1755.56 = $OEX head-bump horizontal resistance is firm so far today 1755.81 = HOD so far, January 11

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To: rimshot who wrote (1121)	1/11/2023 3:54:26 PM
From: rimshot	1 Recommendation of 1309

QQQ - above 277.21 = Sell Short setup trigger price from 1-minute

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To: rimshot who wrote (1107)	1/11/2023 4:04:43 PM
From: rimshot	1 Recommendation of 1309

XLRE and XLY = today's best percentage gainers of the 11 S&P 500 sectors 11 of 11 sectors were green today, though XLP was barely green

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To: rimshot who wrote (436)	1/11/2023 4:12:42 PM
From: rimshot	1 Recommendation of 1309

396.59 = SPY daily 233,1 EMA current value at today's January 11, 2023 close stockcharts.com * this moving average designed by Scott ( RIP ) rests above several weeks of daily closes for SPY 4010.74 = $SPX daily 233,1 EMA current value at today's January 11, 2023 close when you have time, check out for each major US index the daily 55,144,1 MACD which Scott used for many years to confirm the probable Staying Power by price action's direction change for the purpose of investor-style trading decisions ... not exiting too early or too late is the objective ... if using investor-style decision making instead of "active" trading * the absolute distance between the 55-day EMA and the 144-day EMA is represented by the 55,144,1 MACD stockcharts.com Scott complimented his analysis with the slower 89,233,1 MACD, representing the absolute distance between the 89-day EMA and the 233-day EMA his 5,21,1 MACD was designed by Scott primarily for divergence spotting, whether positive or negative ( fyi - Scott is deceased )

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