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

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To: rimshot who wrote (361)2/12/2022 6:50:40 AM
From: rimshot1 Recommendation

Recommended By
ajtj99

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these are the nearby SPY prior intraday breakout levels from weeks & months earlier
which I already had placed on the SPY 1-min and 3-min charts which I routinely
update with H lines for intraday breakout and breakdown price levels -

442.00,440.96,439.10,438.41,437.55

now added to the 10-min SPY chart, shown in dashed brown color -

stockcharts.com

* let's remember for the medium-term context that /ES 4520, 4534.75, 4550's, 4580's have
been highly relevant to trading the ups and downs of the recent 3 weeks ...

Friday's day session high was very briefly just above /ES 4520, from which the price decline
was relatively vertical & lasting all day Friday and never approaching 4520 again ...

* /ES 4534.75 / 4550's levels must be vigilance watched like a hawk, going forward ... 4580 is a
drop-dead level for the bulls to eventually surpass, or the bears are going to continue to have the edge

QQQ 15-minute clearly displays the vertical character of Friday's decline from very near the 9:30 a.m. ET open -

stockcharts.com

thank you to my friends here, both those with whom I have a 15-year history from other forums
and those who are SI folks ... you enrich my life by being you
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