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   Strategies & Market TrendsSPY & QQQ intraday chart observations by rimshot


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To: rimshot who wrote (1065)6/10/2023 11:49:22 AM
From: rimshot
1 Recommendation   of 1309
 
/ES futures -- Friday June 9, 2023 end of day update

* data below as of 4:00 pm ET

* The June /ES contract closed June 9 at 4307.50
S&P 500 cash index closed June 9 at 4298.86

* June contract vs. September contract comparison:

the September 2023 /ES contract now trades at a 43.75
premium to where the June /ES contract closed on Friday June 9 afternoon

The ongoing rollover event to the September 2023 /ES emini futures contract
price action will be reflected in next week's price charts at ToS starting
at Sunday evening's Open

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

S&P 500 index, Nasdaq 100 index, S&P 100 index are all hugging the
rising daily 55,2.1 upper Bollinger Band ... bulls do NOT want to see future
declines showing large distances below the upper BB

stockcharts.com

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To: rimshot who wrote (1101)7/2/2023 2:58:08 PM
From: rimshot
1 Recommendation   of 1309
 
$OEX vs. $SPX daily closes ratio barely moved for the
recent 5 days, on a closing basis ... and at a much lower
level for this ratio than in the prior week

so, either there is more relative participation in the price advance
by the other 400 stocks in the $SPX
OR
only a few Mega Caps are offsetting relative under performance in the
100 stocks within the $OEX

my view, after looking at the top weighted 25 stocks in the $OEX is
that the 400 $SPX stocks relatively outperformed on a percentage basis
the 100 stocks in the $OEX as a group

this 11-sector summary available at SC provides additional evidence
for my claim that last week we saw broadening relative
participation by the 500 $SPX stocks in the most recent price advance ..
you be the judge what occurs in the future near-term

* Consumer Staples ranked last for the current week



$OEX vs. $SPX daily close ratio plot for 2 years & 3 months -

stockcharts.com

$OEX vs. $SPX daily close ratio plot in a line format -

stockcharts.com

$OEX vs. $SPX cumulative percentage change in the daily Relative Strength ratio
since April 1, 2021 close -

stockcharts.com

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To: rimshot who wrote (1288)7/5/2023 2:21:36 PM
From: rimshot
1 Recommendation   of 1309
 
3 of 4 chart elements show whether participation in the recent
price advance is:

Broadening
OR
Narrowing

stockcharts.com

daily chart #2 - count of NYSE net New 52-week highs minus New 52-week lows -

stockcharts.com

* among an active symbol list of 3,000 to 3,040 NYSE member companies or funds

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To: rimshot who wrote (1288)8/5/2023 8:05:38 AM
From: rimshot
2 Recommendations   of 1309
 
JC Parets chart:

" This has been a perfectly logical time
and place for stocks to roll over and commodities
to resume their leadership once again. And we’re seeing it. "

t.co

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To: rimshot who wrote (1287)9/22/2023 10:16:02 AM
From: rimshot
1 Recommendation   of 1309
 
ES 4385.83 = Sept 22 bull / bear pivot value

no upward Staying Power is likely unless ES holds above

value is valid for today only

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

HAPI SP2 proprietary indicator shown at Trade Station
was below its OverSold threshold level at the Sept 21 close ...

* and by a relatively large amount below the OS threshold


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To: rimshot who wrote (1291)9/22/2023 10:38:07 AM
From: rimshot
1 Recommendation   of 1309
 
SPX 4347.76 = today's bull / bear Pivot value for Sept 22

valid for today only

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To: rimshot who wrote (1292)9/22/2023 11:10:51 AM
From: rimshot
   of 1309
 
SPY 435.11 to 435.70 are key possible Up targets in coming hours or days

* future Upward Staying Power relies upon surpassing this price zone

so far:

444.97 = week High
431.23 = week Low ( lower lows printed in Thursday AH session )

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To: rimshot who wrote (1239)9/22/2023 12:05:54 PM
From: rimshot
1 Recommendation   of 1309
 
$NDX recent battle at the rising
100-day SMA

* also attempting a 4 X bottom over recent months, considering
daily closing prices ... time will tell

stockcharts.com

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To: rimshot who wrote (1293)9/22/2023 1:47:40 PM
From: rimshot
1 Recommendation   of 1309
 
SPY 429.90 = next lower down target is possible in coming hours or days

once 431.23 low of week fails to hold

432.52 = Resistance for new bounces, if any

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To: rimshot who wrote (1241)9/23/2023 1:29:00 PM
From: rimshot
1 Recommendation   of 1309
 
Scott's daily charts for five indices showing
the ROC-25 smoothed with the 5-day EMA & 55-day EMA
for trend interpretation of the positive or negative net
Buying Power minus Selling Power when compared to the ROC zero line-

* Scott (RIP) smoothed the ROC in order to avoid trend identification whipsaw

( ROC stands for Rate of Change )

Scott's daily ROC-25 charts for each major index,
smoothed with two moving averages for the purposes of:

1.ROC-25 moving average crossover vigilance

&

2.zero line crosses by either one of the two ROC moving averages
are in a bullish location if above the ROC zero line
and
in a bearish location if below the ROC zero line ...

optimally the chart condition for both Moving Averages is required
to confirm the probable directional Staying Power of any future
upward or downward price action

*the ROC-25 smoothed with the 55-day EMA
has been pointing down toward the ROC zero line
for all indices

stockcharts.com

stockcharts.com

stockcharts.com

stockcharts.com

stockcharts.com

* Note - veteran technicians consider the $VLE technicals
as especially reliable for divining the US market direction

" The Rate-of-Change oscillator measures the speed at which prices are changing.
An upward surge in the Rate-of-Change reflects a sharp price advance.
A downward plunge indicates a steep price decline.
Sustained advances often start with a big surge out of the gate.

Subsequent advances are usually less sharp and this causes
a bearish divergence to form in the Rate-of-Change oscillator.

It is important to remember that prices are constantly increasing as long
as the Rate-of-Change remains positive. "

( StockCharts.com )

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