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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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ajtj99
Qone0
The Ox
To: rimshot who wrote (17225)2/4/2021 2:23:42 PM
From: rimshot3 Recommendations   of 96840
 
3 high priority vigilance charts for end of day review in the coming weeks -

* posted without explanation though time spent understanding the use of these charts has merit

IMO, buy the dip and sell the rip remains the prudent course of action.... being a perma bull or perma bear is not prudent at this time

stockcharts.com

stockcharts.com

stockcharts.com

Message #17225 from rimshot at 2/4/2021 10:59:32 AM

SPY 384.39 prior daily close high is important vigilance Now -

daily closes chart -

stockcharts.com

$NYA daily with 3 internal metrics only recently bouncing to much lower high levels -

stockcharts.com

SPY chart set for use in intraday trade entry and exit timing selection -

intraday price highs located above the SPY daily 126,2 upper Bollinger Band value have been
the optimal shorting "sweet spot" in recent weeks/months ...
Note: 126,2 BB = 6-months of trading days

stockcharts.com

daily closes chart with 21,2 BB

stockcharts.com

daily chart with 15,2 BB and with 15-day SMA

stockcharts.com

hourly

stockcharts.com

weekly

stockcharts.com

15-minute

stockcharts.com

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Message #15423 from rimshot at 1/15/2021 1:40:55 PM

SPY weekly with the focus on the RSI-14 70 level as a potential upper bull/bear divider -

stockcharts.com

most recent prior extreme low Vigilance level is 20.72, the decline low in March 2020, using end of day values (not using weekly closes for the RSI-14)

since the SPY weekly RSI-14 failed its advance and reversed direction this week
very near the 70 level, the November 2019 article by the technical lead at
StockCharts is worth a read, just in case this one-day decline eventually has legs

stockcharts.com

some specific ideas in the article may be relevant in the future
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