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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 (1116)	1/11/2023 2:13:37 PM
From: rimshot	1 Recommendation Recommended By ajtj99 Read Replies (1) \| Respond to of 1309

Negative Divergence setup today: $OEX has not yet surpassed its 1754.80 intraday day high printed on Monday January 9 while $SPX and SPY have only briefly surpassed the Jan. 9th HOD

To: rimshot who wrote (1116)	1/11/2023 2:37:19 PM
From: rimshot	1 Recommendation Recommended By ajtj99 Respond to of 1309

for swing traders: daily net Advancers minus Decliners count for six indices - stockcharts.com * updates about 120 minutes after each day's market close

To: rimshot who wrote (1116)	1/13/2023 11:47:38 AM
From: rimshot	1 Recommendation Recommended By ajtj99 Read Replies (1) \| Respond to of 1309

2020 and 2019 and 2016 NYSE McClellan Oscillator peak levels were approached by the January 12th $NYMO ( McO level of positive 100.xx printed on January 12, 2023 ) Note - the NYSE McO is calculated from a smoothing formula of the Delta formed from the sourced daily count of the NYSE Advancers minus Decliners ... daily chart of the net Advancers minus Decliners count is shown here for six different indices - stockcharts.com FYI - I just noticed someone whom I have read on occasion for 25 years has tweeted an observation about McO advances during " bear markets " but I am not sure his precise filtering for bear market: " Be Aware: Track Record For Overbought McO In Bear Markets - The McO Closed January 13 at +100.11, Exceeding The Record In 2008 Bear Market. Highest of Century Was May 30, 2022 +105, Just before a 500 SPX Point Crash Before That It Was +99.46 On Nov 4, 2008 Before A 27% Crash In 3 Weeks " Message #1116 from rimshot at 1/11/2023 11:56:11 AM heads-up alert for swing traders & investor-style traders: 1. the NYSE McClellan Oscillator is now located in firmly Over Bought region now at positive 71.31 level ( some more upward travel still possible ) and 2. the NYSE daily cumulative Advance-Decline line is now above its daily 50,2 upper Bollinger Band ( usually means Over Bought ) and 3. the NYSE Composite Index price action *remains below its August 2022 daily close* high for multiple months 7-years history for the NYSE McClellan Oscillator** - stockcharts.com $NYA daily closes chart - * shown above the $NYA price action is: the NYSE daily cumulative net Advance-Decline breadth line that is now briefly resting above its daily 50,2 upper Bollinger Band stockcharts.com