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   Strategies & Market TrendsSPY & QQQ intraday chart observations by rimshot


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To: rimshot who wrote (186)1/6/2022 10:09:19 AM
From: rimshot
   of 1309
 
$OEX key horizontal levels from prior weeks near the current level:

2157.35, 2156.53, 2151.07

a lasting hold below this zone confirms more down is likely

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To: rimshot who wrote (180)1/24/2022 12:30:22 PM
From: rimshot
1 Recommendation   of 1309
 
$SPX 4233.13 = potential horizontal bull / bear divider in play today January 24, based
on prior intraday lows during 2021

* bulls need to defend 4233.13 level in future days

all but one of the RSP 60-min indicators display multi-day deterioration, so bottom-picking
continues to be suspect until these "lagging" indicators show improvement -

stockcharts.com

SPY daily highlighting the RSI-5 -

stockcharts.com

$SPX vs. $OEX daily ratio -

$OEX under performing the $SPX is today at a horizontal level shown to be important in prior
history

stockcharts.com

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To: rimshot who wrote (191)1/24/2022 12:55:11 PM
From: Lou Weed
2 Recommendations   of 1309
 
Good to see you back rim - been a helluva a day so far!

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To: rimshot who wrote (191)1/24/2022 1:10:40 PM
From: rimshot
1 Recommendation   of 1309
 
daily 21,3 %B and 21,2 %B and 50,2 %B for $SPX $OEX $NDX SPY and QQQ
are especially important vigilance items today & in future days,
if bottom picking for a swing trade or for deciding to exit short positions held multiple days

the %B indicator develops its chart location on an intraday basis, though it
is important to remember the daily chart is reflecting the %B chart location
at the time of prior daily closes

$SPX daily closes chart with 21,2 %B now below its zero line -

* bulls eventually need to see a lasting advance back above the zero line

stockcharts.com



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To: rimshot who wrote (189)1/24/2022 1:59:36 PM
From: rimshot
1 Recommendation   of 1309
 
/ES 4423.xx = 200-day SMA using all trading hours for the calculation

a decent distance above the current price action

simply for the record, so bounces toward the 200-day SMA will have a reference item

/ES 4212.75 = January 24 low, so far

/ES 4326.25 = today's open of the day session hours

* intraday bulls MUST see a lasting hold above 4326.25

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To: rimshot who wrote (187)1/24/2022 2:39:31 PM
From: rimshot
1 Recommendation   of 1309
 
SPY 430.06 = 52-week SMA current value ( SPY 427.10 now printing )

weekly plot of the Wall Street Sentiment survey conducted by Mark Young and
updated weekly at SC -

stockcharts.com

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To: rimshot who wrote (195)1/24/2022 2:51:24 PM
From: rimshot
1 Recommendation   of 1309
 
SPY 428.87 = 50-week EMA current value

SPY weekly -

stockcharts.com

* compare the 15,2 %B current violation of its zero line to the early 2020 violation,
which required more than a single week to bounce on a lasting basis back above its zero line

Note - long-term bears require a lasting hold surpassing the 3% level below the 70-week SMA

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To: rimshot who wrote (196)1/24/2022 3:14:42 PM
From: rimshot
1 Recommendation   of 1309
 
SPY 424.63 = weekly 55,1 EMA current value

SPY weekly chart highlighting the 15,2 Bollinger Band -

stockcharts.com

420.76 = January 24 LOD, so far

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From: rimshot1/24/2022 3:39:16 PM
1 Recommendation   of 1309
 
$SPSUPX 998.16 = daily 15,2 lower BB current value

$SPSUPX daily with two different BB settings -

stockcharts.com

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To: rimshot who wrote (170)1/25/2022 1:01:34 AM
From: rimshot
1 Recommendation   of 1309
 
3-min /ES chart updated soon after the Monday January 24, 2022 close -

4424.00 = 200-day SMA current value, above the price action

* time stamps are Central time, left mouse click on chart to enlarge view


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