| To: rimshot who wrote (1297) | 9/24/2023 12:03:56 PM | | From: rimshot | | | | SPY 434.84 = 100-day SMA current value, at Sept 22 close
SPY daily closes chart -
* the S&P 500 McClellan Oscillator approaches the Maximum Oversold
value region, the McO is now at negative 77 level
* price action near the daily 63,2.0 lower Bollinger Band value is customarily
a buy trigger during bull market conditions ... now at 431.22
* a somewhat bullish condition continues for the 10-day EMA smoothing
of the SPX New Highs minus OEX New Highs metric which
is now at 6.23,
which is below its July peak near 40 New Highs for the adjusted
S&P 500 minus the S&P 100
stockcharts.com
some items to consider for selecting a directional bias for swing trading
in the future:
1. if a future OEX rally surpasses and holds above 2040 level,
keep your SPY and QQQ longs once entered for a possible lengthy hold
because any SPY bounce level would be within reason in the coming days/weeks
2. the individual daily net Advance - Decline values for each index were tiny negative
values compared to the giant negative prints by the AD values on Thursday ...
so the lower intraday price lows printed on Friday were relatively not supported
by similar negative moves by the daily AD values
lower intraday low prints on Friday vs. Thursday's intraday low:
QQQ by only 10 cents
SPY by a decent margin
OEX by a decent margin
/ES by a decent margin
$SOX printed a higher low on Fri vs. Thurs
fyi - $NYA price action is only barely below its 200-day SMA, and Friday wasthe 1st time in several weeks ... matching with a decently deep violation of the
daily Lower BB not seen since mid-August from which price bounced strongly
$NYA daily closes line chart -
* could be a "near" double bottom setting up, using daily closes vs. the June 2023 pullback
stockcharts.com
regarding QQQ, this Weekly metric now rests within the upper reaches of its
customary buy zone -
stockcharts.com
$NDX daily cumulative AD line now rests near its customary buy point - the daily 50,2 lower
Bolllinger Band when bull market conditions persist over time -
$NYA above OR below its 3-year simple moving average (156 weeks ) provides
evidence whether we are at the confirmed start of a possible deep
price correction or not
$NYA weekly -
stockcharts.com |
| | SPY & QQQ intraday chart observations by rimshot | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (2) |
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| From: rimshot | 9/24/2023 12:12:09 PM | | | | | | FYI - I will have no internet or cell signal from Sept 24 through at least
Sept 29, while camping & hiking |
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| To: rimshot who wrote (1264) | 11/3/2023 10:03:34 PM | | From: rimshot | | | | Larry McMillan - Friday November 3, 2023 blog update
my summary of reading his update is that his
line in the sand has a value of $SPX 4,400
and
coupled with other considerations he will abandon his
actual trade $'s in play for his current bearish bet,
and if other items confirm he will consider
an actual hold for at least two days above the $SPX 4,400 level
to be very bullish
==============================================
4,393.57 = the mid-October 2023 intraday high
$SPX daily -
stockcharts.com |
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| To: rimshot who wrote (965) | 11/18/2023 10:40:45 AM | | From: rimshot | | | | ISM Manufacturing PMI has been below 50 (in contraction)
for 12 straight months, the longest down streak since 2008-09
t.co
 |
| | SPY & QQQ intraday chart observations by rimshot | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
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| To: rimshot who wrote (937) | 12/2/2023 3:59:47 PM | | From: rimshot | | | | S&P 500 - count of # of new 52-week intraday price highs, daily chart -
stockcharts.com
* 13% of S&P 500 members ( 65 new Highs ) have made a
new 52-week price high on Friday December 1, 2023 ...
this represents the largest count since early July 2023
* Important note - the $SPX vs. $NYA daily ratio is shown
at the bottom of the above chart, and observe that when
the ratio declines for multiple days or weeks the $SPX price
action eventually always suffers price damage while the ratio declines ...
this occurs because the price action by the now 2,940 active symbols
comprising the NYSE are not " in sync " on a relative basis with the $SPX price action
=============================================================
daily chart # 2 -
55 = the Friday December 1 count of # of SPX New Highs minus OEX New Highs
... which is below its July peak at 66 and below the June 2023 peak at 71
daily chart counting the # of New Highs adjusted by:
S&P 500 minus the S&P 100
stockcharts.com |
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| To: rimshot who wrote (18) | 12/3/2023 2:25:09 PM | | From: rimshot | | | | John Bollinger, CFA CMT briefly explains how to identify
M-Top & W-Bottom patterns by comparing:
1. the chart pattern of the %b
to
2. divergent directional movements by price action
YouTube published Wednesday November 29, 2023
* scroll to 15 minutes into the video where identifying
divergent patterns by the %b vs. price action is explained
John Bollinger: What’s Behind The Bollinger Bands
youtu.be
here is my version of the SPY daily closes chart using
the 126,2 BB and 126,2 %b -
stockcharts.com
( 126 days = 6 months of trading days )
Note - in this chart, the price history is adjusted downward
by the amount of each quarterly dividend paid, which
chief technician John Murphy determined at StockCharts.com is the default
chart assessment view
=============================================
The Market Timing Chart Pack is a collection of charts
John Bollinger uses to forecast stock market movements.
It is updated weekly and is available to all BollingerBands.com visitors.
Guidelines for the Market Timing Chart Pack can be read here.
bollingerbands.com |
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| To: rimshot who wrote (1299) | 12/6/2023 3:06:42 PM | | From: rimshot | | | | SPY & /ES - Volume Point of Control & Weekly Pivot values:
SPY VPOC
456.27 - looking back 5 full trading days
454.96 - looking back 10 & 30 trading days
457.36 - Weekly Pivot value
/ES VPOC
4573.88 - 5-day VPOC
4585.50 - Weekly Pivot value
* values updated Wednesday December 6, 2023 morning |
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| To: rimshot who wrote (1299) | 12/12/2023 3:38:50 PM | | From: rimshot | | | | $SPX index at least briefly surpasses the March 29, 2022 intraday price high of
4637.xx today Tuesday December 12, 2023
* the July 27, 2023 intraday high had already been surpassed in recent days
$SPX daily showing the July 2023 high below current price -
stockcharts.com
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