ajtj's Post-Lobotomy Market Charts and Thoughts Message Board

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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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To: rimshot who wrote (79658)	5/26/2023 7:37:51 AM
From: rimshot	5 Recommendations Read Replies (3) of 98009

the percentage of $NDX / QQQ stocks above their 50-day EMA actually declined to 47% on Thursday May 25, 2023 in spite of QQQ's large percentage price advance on Thursday ... so, the participation in Thursday's QQQ rally was narrow daily chart showing Percentage of index members above their 50-day EMA for $SPX -- $NDX -- $OEX stockcharts.com Weekly range for the Percentage of $NDX / QQQ members having their daily PMO's actually in a rising direction is relatively weak, as of the May 25, 2023 close - stockcharts.com 66% with rising PMO's - is the high for the current week 35% with rising PMO's - is the low for the current week, so far ========================================== Message #79658 from rimshot at 5/23/2023 5:29:46 AM heads-up Alert: the QQQ daily chart shows 3 consecutive days in which QQQ has spent a portion or all of each day above its daily 200,2 upper Bollinger Band 9 months of daily chart history - * will we see more days that QQQ price action rests above the daily 200,2 upper Bollinger Band? stockcharts.com 5 years & 9 months of daily chart history - stockcharts.com * you be the judge what the chart setup bodes for the June through December 2023 time period

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