SPY & QQQ intraday chart observations by rimshot Message Board

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

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To: rimshot who wrote (433)	3/6/2022 6:02:46 PM
From: rimshot	2 Recommendations Read Replies (3) of 1309

when you have time, check out for each major US index the daily 55,144,1 MACD which Scott used for many years to confirm the probable Staying Power by price action's direction change for the purpose of investor-style trading decisions ... not exiting too early or too late is the objective ... if using investor-style decision making instead of "active" trading * the absolute distance between the 55-day EMA and the 144-day EMA is represented by the 55,144,1 MACD ... and for the $SPX price action, this declining MACD is quickly approaching its zero line, as of March 4 stockcharts.com Scott complimented his analysis with the slower 89,233,1 MACD, representing the absolute distance between the 89-day EMA and the 233-day EMA his 5,21,1 MACD was designed by Scott primarily for divergence spotting, whether positive or negative ( fyi - Scott is deceased )

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