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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ajtj99

skier31

To: rimshot who wrote (79794)	6/24/2023 11:04:21 AM
From: rimshot	2 Recommendations of 98036

daily $SPX chart shows the TSI indicator topped & turned down in recent days very near where the TSI topped & declined several months ago going back to 2006, the daily $OEX chart shows its TSI indicator topped & turned down at much higher levels than the very recent high print 8 times, even advancing to the 50's I am currently swing short SPY & QQQ trading products ... we spent a small # of days above the $SPX daily 126,2.1 upper Bollinger Band which was an optimal price location for accumulating swing shorts ( 126 = 6 months of trading days ) Message #79794 from rimshot at 5/26/2023 7:37:51 AM 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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