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

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ajtj99
rcksinc
To: rimshot who wrote (43699)11/18/2021 11:18:43 AM
From: rimshot2 Recommendations   of 97526
 
today, has at least 40% odds and as much as 95% odds that today's dip by
SPY, $SPX & RSP will represent the lowest prices seen until at least mid-December 2021

the failure to actually reach $SPX 4,660 horizontal support level tells us much, so far

RSP 20-day SMA provided firm support on the test #1 from above ... dip buyers rule in the
S&P 500, until proven otherwise

short-sellers do not remain aggressive enough to take control

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466.55 = today's S2 intraday pivot value, source is StockCharts PP values placed on a 1-min chart

... the less than 1-minute dip below 466.55 level was bought

466.34 = Nov. 18th intraday low, as of 11:21 a.m. Eastern

=========================

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