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

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Lou Weed
To: rimshot who wrote (591)5/2/2022 3:06:24 PM
From: rimshot1 Recommendation  Read Replies (1) of 1309
 
Pretzel chart review with his interpretation comments as of Monday May 2 early a.m. -

* courtesy of RCKS at IH

"Target 4 was captured on Friday:"

pretzelcharts.com

"Seems like a good day to let the charts do most of the talking. First up, Target 4 was captured on Friday:"



"Next, the old "alternate" continues to look perfectly reasonable:"



"Next, this remains the preferred intermediate outcome:"



"Finally, BKX seems to add confidence to the preferred outlook:"



"In conclusion, other than Target 4 being captured, no material change, and the old alternate remains the leader. Trade safe."
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