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

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To: rimshot who wrote (632)5/30/2022 2:26:46 PM
From: rimshot1 Recommendation

Recommended By
ajtj99

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daily plot of Percentage of S&P 100 stocks which
individually rest above their 200-day EMA / 50-day EMA / 20-day exponential moving average

* OEX price action now rests very near its briefly flattening 34-day EMA

stockcharts.com

42% - above 200-day EMA

54% - above 50-day EMA

82% - above 20-day EMA

* as of Friday May 27, 2022

* $OEX has generally under performed the $SPX price action since 2nd week in May 2022,
and US equity market bulls need to see the daily $OEX vs. $SPX ratio improve to the upside
in future weeks
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