To: rimshot who wrote (186) | 1/6/2022 10:09:19 AM | From: rimshot | | | $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 | | | $SPX 4233.13 = potential horizontal bull / bear divider in play today January 24, based on prior intraday lows during 2021
* bulls need to defend 4233.13 level in future days
all but one of the RSP 60-min indicators display multi-day deterioration, so bottom-picking continues to be suspect until these "lagging" indicators show improvement -
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SPY daily highlighting the RSI-5 -
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$SPX vs. $OEX daily ratio -
$OEX under performing the $SPX is today at a horizontal level shown to be important in prior history
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To: rimshot who wrote (191) | 1/24/2022 1:10:40 PM | From: rimshot | | | 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
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To: rimshot who wrote (189) | 1/24/2022 1:59:36 PM | From: rimshot | | | /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 (195) | 1/24/2022 2:51:24 PM | From: rimshot | | | SPY 428.87 = 50-week EMA current value
SPY weekly -
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* 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 (170) | 1/25/2022 1:01:34 AM | From: rimshot | | | 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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