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 (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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To: rimshot who wrote (1115)	1/11/2023 5:08:35 PM
From: rimshot	1 Recommendation of 1309

/ES 200-day SMA remains above Monday through Wednesday afternoon price action this week

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To: rimshot who wrote (1115)	1/12/2023 10:59:52 PM
From: rimshot	1 Recommendation of 1309

3990.xx = /ES 200-day SMA current value, updated for January 12 evening 3993.xx = /ES Volume Point of Control looking back 90 trading days ( all price history for this calc is basis the March 2023 contract ) 3885.xx = Weekly Pivot value for week ending January 13

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To: rimshot who wrote (717)	1/12/2023 11:08:25 PM
From: rimshot	1 Recommendation of 1309

Walter Deemer tweet - on January 12 evening - The stock market generated Breakaway Momentum today for the 25th time since 1945: t.co This is a genuine breadth thrust. It means (IMHO) we're in a bull market. How long it lasts, and how far it carries, is something we will know only in the fullness of time.

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To: rimshot who wrote (1124)	1/13/2023 10:59:03 AM
From: rimshot	of 1309

only XLV and slightly green is XLY = today's percentage gainers within the 11 S&P 500 sectors 2 of 11 sectors are green today, 10:55 a.m. ET January 13

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To: rimshot who wrote (1116)	1/13/2023 11:47:38 AM
From: rimshot	1 Recommendation of 1309

2020 and 2019 and 2016 NYSE McClellan Oscillator peak levels were approached by the January 12th $NYMO ( McO level of positive 100.xx printed on January 12, 2023 ) Note - the NYSE McO is calculated from a smoothing formula of the Delta formed from the sourced daily count of the NYSE Advancers minus Decliners ... daily chart of the net Advancers minus Decliners count is shown here for six different indices - stockcharts.com FYI - I just noticed someone whom I have read on occasion for 25 years has tweeted an observation about McO advances during " bear markets " but I am not sure his precise filtering for bear market: " Be Aware: Track Record For Overbought McO In Bear Markets - The McO Closed January 13 at +100.11, Exceeding The Record In 2008 Bear Market. Highest of Century Was May 30, 2022 +105, Just before a 500 SPX Point Crash Before That It Was +99.46 On Nov 4, 2008 Before A 27% Crash In 3 Weeks " Message #1116 from rimshot at 1/11/2023 11:56:11 AM 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 (1129)	1/13/2023 12:51:43 PM
From: rimshot	1 Recommendation of 1309

only XLV - XLF - XLY are green now = today's percentage gainers within the 11 S&P 500 sectors 3 of 11 sectors are green today, 12:51 p.m. ET January 13 ... was 2 green of 11 earlier before JPM and other bank names advanced to HOD

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