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

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ajtj99
catou1
To: rimshot who wrote (1183)1/24/2023 10:48:59 AM
From: rimshot2 Recommendations  Read Replies (1) of 1309
 
table of index drawdown Percentages updated for
Monday's January 23, 2023 close ... provided
by Liz Ann Sonders -

pbs.twimg.com

note in the chart link below the Negative Divergence of lower highs during January
by the 3 internals displayed on the chart as of the January 23rd close
vs.
$SPX daily closes pattern of higher price highs in January

( the advance above $SPX 4,000 level is suspect until the three internals
advance back above their January highs )

Message #1183 from rimshot at 1/23/2023 2:02:57 PM

SPY HOD = 402.645 on January 23, 2023

$SPX daily closes chart with the 63,2 Bollinger Band -

* minimum Must Hold levels during future declines in coming days / weeks
equals the Moving Averages displayed, as a starting point for measuring
minimum downward risk

stockcharts.com

$ OEX moments ago was only slightly & briefly above its 200-day SMA ( 1795.01 = 200 )

1798.60 = $OEX HOD so far, January 23

3,870 = $SPX cash index Must Hold horizontal level during future declines,
if a trader is swing trading overnight
positions in US equities ...

3870 = the minimum downward risk measure as a starting point

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