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Strategies & Market Trends : SPY & QQQ intraday chart observations by rimshot
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To: rimshot who wrote (1253)3/28/2023 9:45:47 PM
From: rimshot1 Recommendation

Recommended By
ajtj99

   of 1309
 
NYSE - at Negative 124.80 today March 28 vs. 163.70 on the Friday March 24, 2023 close,
for the NH minus NL Differential smoothed with the 10-day moving average

stockcharts.com

* the NYSE 10-day smoothing of the New Highs minus New Lows Differential data resulted
in a new multi-week Negative low for this metric both on Thursday & Friday, March 24

** we are only about 25% of the distance down to the late September 2022 low for this 10-day metric

* yes, this is lagging data because of the 10-day smoothing of the daily data ... the
trend measure has the benefit of minimizing interpretation whipsaw, day to day
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