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Strategies & Market Trends : SPY & QQQ intraday chart observations by rimshot -- Ignore unavailable to you. Want to Upgrade?


To: rimshot who wrote (1060)12/16/2022 4:42:44 PM
From: rimshot1 Recommendation

Recommended By
ajtj99

  Read Replies (3) | Respond to of 1309
 
$NYA daily closes chart -

* shown above the $NYA price action is:
the NYSE daily cumulative net Advance-Decline breadth line
that is now resting below its 50-day simple moving average for day #1,
which is used by numerous technicians & subscription services for evaluating trend confirmation

stockcharts.com

... time will tell if the NYSE A-D line holds below its 50

$NYA daily chart vs. its 200-day SMA and 15-day SMA which is shown as
a lime green shaded area -

* US equity bears need to violate the $NYA 200-day SMA on a lasting basis ( 15,209.71 )

stockcharts.com

$NYA closed December 16, 2022 a decent distance below its recent multi-month daily close high,
which was printed in August 2022-

stockcharts.com