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

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ajtj99
To: rimshot who wrote (208)1/28/2022 11:15:17 AM
From: rimshot1 Recommendation  Read Replies (2) of 1309
 
3-min /ES updated for Friday January 28 post-opening -

4427.20 = 200-day SMA current value, above the most current price action

* high odds the Wave pattern completed at today's 4292.46 $SPX low, confirmed only if upward

price action is seen in coming hours / days

future vigilance watch is especially prudent at the 5-day look back Low Volume price valleys shown on the chart ... any downward reversals which may occur near the location of the LVN's would represent

bad news for the near-term bulls

* time stamps are Central time, left mouse click on chart to enlarge view

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