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Strategies & Market Trends : SPY & QQQ intraday chart observations by rimshot
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To: rimshot who wrote (923)10/28/2022 4:10:09 PM
From: rimshot1 Recommendation

Recommended By
ajtj99

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further revised $SPXEW vs. $SPX daily ratio chart, with $SPXEW price action shown
below the ratio plot -

stockcharts.com

* EW hugging the daily 20,2 upper BB for consecutive daily closes is bullish for SPY and $SPX price action,
only while the condition lasts

* the S&P 500 Equally Weighted index remains pointing up
and is constructive for SPY bulls only while this condition lasts because
it is evidence the SPY price advance has broad participation by
the 500 stocks

six influential S&P 500 sectors with the Wednesday October 12
daily close marked in Red & the October 13 close marked in Green
on this Equal Weighted version of the daily closes chart

stockcharts.com
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