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 (968)	11/10/2022 8:50:17 AM
From: rimshot	1 Recommendation of 1309

US equity bulls want to see a lasting upward reversal by the daily $OEX vs. $SPX ratio ... extremely important - stockcharts.com * the $OEX acted as a safe-haven during the start of the pandemic in March to May 2020, so the mathematical conditions of the index comparisons were unlike current conditions now because in 2020 the $OEX to $SPX ratio advanced while $SPX and $OEX price action declined ... $OEX price action in recent months has responded to rising interest rates and the market's perception the interest rate rise will continue ( the market prices in the future numerous months in advance )

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