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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: rimshot who wrote (19301)	2/25/2021 1:35:54 PM
From: rimshot	1 Recommendation Recommended By ajtj99 Read Replies (2) \| Respond to of 97334

385.98 = SPY 21-day SMA, as of Feb 25 1:35 pm Eastern SPY daily closes chart, showing the significance of ANY future daily closes holding below the 21-day SMA stockcharts.com Message #19301 from rimshot at 2/25/2021 1:22:02 PM 3868.90 = $SPX 21-day SMA, as of Feb 25 1:20 pm Eastern ... bulls need intraday bounces to surpass and hold above the 21 day * losing 3870.90 horizontal is a big failure if it continues .. time will tell stockcharts.com Message #19283 from rimshot at 2/25/2021 12:39:11 PM major $SPX ledge at approx. 3851 to 3855.56 using the daily closes chart .. .a hold below for future daily closes will be at least a minor "bear event" 3805.65 = $SPX 50-day SMA Message #19275 from rimshot at 2/25/2021 12:23:44 PM SPY minor ledge resides at 384.78 to 384.50 which bears must violate to target 380's to 382's with a further decline today/Friday ... with 374 to 378 as much lower targets which are eventually possible

To: rimshot who wrote (19301)	2/28/2021 1:57:50 PM
From: rimshot	1 Recommendation Recommended By Mevis Respond to of 97334

sequence of only the major higher lows for the $SPX daily closes chart: 3236.92 3269.96 3557.54 3647.49 3700.65 3768.25 then the higher low pattern was violated in late January 2021 by the 3714.24 daily close print which was later followed by a daily close low print of: 3811.15 - on February 26, 2021 - Friday Message #19301 from rimshot at 2/25/2021 1:22:02 PM 3868.90 = $SPX 21-day SMA, as of Feb 25 1:20 pm Eastern ... bulls need intraday bounces to surpass and hold above the 21 day * losing 3870.90 horizontal is a big failure if it continues .. time will tell stockcharts.com Message #19283 from rimshot at 2/25/2021 12:39:11 PM major $SPX ledge at approx. 3851 to 3855.56 using the daily closes chart .. .a hold below for future daily closes will be at least a minor "bear event" 3805.65 = $SPX 50-day SMA Message #19275 from rimshot at 2/25/2021 12:23:44 PM SPY minor ledge resides at 384.78 to 384.50 which bears must violate to target 380's to 382's with a further decline today/Friday ... with 374 to 378 as much lower targets which are eventually possible 385.46 = lod so far Feb 25, matching the low levels seen near the Feb 24 open * $SPX 2-hour observation: multiple indicators & price horizontals reveal the serious selling is potentially just now getting started, though bears need to hold price action below $SPX 3870 to 3875.80 zone, or so ... the 2-hour indicators are briefly into relieving their recent bounce highs, so a decent distance to fully Over Sold is in play for a potential to consider -- status as of Feb 25 12:25 pm Eastern Message #19256 from rimshot at 2/25/2021 10:52:13 AM /ES 3880.50 = Feb 18 low, for some context any lasting hold below /ES 3896.50 is important to the bearish folks /ES 3869.75 a potential lower target for next potential pause location that is below current price action =================== Message #19241 from rimshot at 2/25/2021 10:19:16 AM SPY 387.50 to 388.14** horizontal zone needs to provide firm support if & when tested from above in future hours/days SPY 390.00 today needs to be defended by bears until the close, or probability improves for a choppy day instead of a straight line declining day SPY 391.88 HOD, at this moment - represented an overhead gap fill event vs. Feb 24 close ( 391.77 ) SPY 389.22 LOD, at this moment