SPY & QQQ intraday chart observations by rimshot Message Board

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Strategies & Market Trends : SPY & QQQ intraday chart observations by rimshot

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To: rimshot who wrote (2)	11/19/2021 6:46:12 AM
From: rimshot	of 1309

$OEX daily for 6 months - stockcharts.com * the $OEX 2,156 / 2157 levels formed the intraday 5-minute close lows at least 3 times during the Nov. 17 through Nov. 18 period, so I have placed 2,156 on this daily chart as a probable bull / bear divider for future vigilance Note - the Nov 18 close represents a 6-month low for the RSP vs. SPY ratio shown at the bottom of this chart, meaning the Mega Caps are overwhelmingly responsible for the largest percentage amount of the current near-term upward price action by the S&P 500 index similarly, the $SPX vs. $OEX ratio prints at the Nov 18 close a ratio value among the lowest 3 values seen during these 6 months

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