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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ajtj99

To: rimshot who wrote (654)	10/30/2022 9:56:04 AM
From: rimshot	1 Recommendation Read Replies (1) of 1309

$NDX index prints the highest volume week since the March 2020 low. * Up this week after mega caps post major selloffs following their earnings releases. $NDX - 88 Advancing issues & 12 Declining issues - Friday October 28, 2022 stockcharts.com $NDX cumulative net Advancers minus Decliners line shown in histogram format - stockcharts.com * A-D line approaches the important 50-day SMA from below, and bulls need a lasting hold above the A-D line's 50 $NDX & QQQ daily - stockcharts.com * $NDX remains a significant distance below its 126-day SMA ( 6 months of price action ) ... which represents a decent minimum upward price target if the current advance eventually continues

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