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

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To: rimshot who wrote (257)2/2/2022 4:52:38 PM
From: rimshot  Read Replies (1) of 1309
 
61.8% retrace value for the prior entire major swing decline was at 4580.77 for /ES ...
and today's end of day action only briefly held above this level ...

now with FB and QCOM hurting in AH the /ES is now printing 4546 to 4549.50 region

March 2022 contract record high was 4808.25
March 2022 contract decline low was 4212.75

78.6% retrace = 4680.81

50.0% retrace = 4510.50

current update at Feb 2 4:00 pm ET for /ES 50-day EMA = 4576.30

( including all trading hours in calculating the moving average )




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