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Strategies & Market Trends : SPY & QQQ intraday chart observations by rimshot
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To: rimshot who wrote (279)2/4/2022 11:29:10 AM
From: rimshot1 Recommendation

Recommended By
ajtj99

   of 1309
 
4453.23 = $SPX #2 possible horizontal bull / bear divider based on 14 days of intraday price action
vs.
4451.50 current LOD, as of 11:29 a.m. ET Feb 4

4483.18 = $SPX #1 possible horizontal bull / bear divider based on 14 days of intraday price action

violating eithier OR both levels from above on a lasting basis negates a prior major horizontal breakout, and
confirms that more downward price action with Staying Power is highly probable

4469.61 now printing, 11:29 a.m. ET

4475.19 = declining 15-day SMA, as of 11:29 a.m. ET Feb 4 -

stockcharts.com

* a future lasting hold below the 15-day is a negative for the odds of seeing future lasting bounces ..... a high
priority vigilance chart item

4490.19 = 10-day EMA, as of 11:29 a.m. ET, Feb 4
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