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

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ajtj99
To: rimshot who wrote (1201)1/31/2023 6:20:35 PM
From: rimshot1 Recommendation  Read Replies (1) of 1309
 
up close version of the daily chart showing the plot for the
Cumulative McClellan Oscillator for the NSYE common-stocks-only data set:

* Cumulative McO for this basket of NYSE stocks continues to advance
since the end of December 2022 ...
it is prudent to now watch whether a lasting advance above its August 2022 high
occurs because this metric is a measure of the actual liquidity available to the stock market

stockcharts.com

longer view chart which provides evidence it was profitable in its timing
of the price & internal weakness which followed mid-November 2021 ...
let's see how it works going forward in 2023 -

stockcharts.com
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