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   Strategies & Market TrendsSPY & QQQ intraday chart observations by rimshot


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To: rimshot who wrote (965)11/18/2023 10:40:45 AM
From: rimshot
2 Recommendations   of 1309
 
ISM Manufacturing PMI has been below 50 (in contraction)
for 12 straight months, the longest down streak since 2008-09

t.co


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To: rimshot who wrote (937)12/2/2023 3:59:47 PM
From: rimshot
3 Recommendations   of 1309
 
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
2 Recommendations   of 1309
 
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
2 Recommendations   of 1309
 
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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From: rimshot12/6/2023 3:55:18 PM
2 Recommendations   of 1309
 
SPY down target #1 at 454.34 just now tagged by current LOD

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To: rimshot who wrote (1191)12/8/2023 4:07:23 PM
From: rimshot
3 Recommendations   of 1309
 
$VIX milestone - a new post-COVID low for the VIX at 12.42 prints on Friday December 8, 2023

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To: rimshot who wrote (1299)12/12/2023 3:38:50 PM
From: rimshot
1 Recommendation   of 1309
 
$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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From: rimshot12/13/2023 8:01:18 PM
1 Recommendation   of 1309
 
Nasdaq system error causes stock chaos, orders cancelled...
impacted thousands of stock orders

Wednesday December 13, 2023

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