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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 (42723)	11/10/2021 12:56:00 PM
From: rimshot	1 Recommendation Recommended By ajtj99 Read Replies (1) \| Respond to of 97475

$SPX vs. $NYA ratio's weekly hi / low range - * is it obvious the out performance of the $SPX vs. the current 3,483 active symbols in the NYSE is a relatively short-lived & likely a temporary math event resulting from the $OEX out performing the $SPX in recent months? Yes, the condition can outlive some of us, but not likely outlive all of us ... a condition created by greed and fear of missing out on the upward action, like addicts to the flame stockcharts.com $SPX daily with the 55,2.1 Bollinger Band, for the overall chart condition - * S&P 500 heavy weight TSLA achieved a new record intraday price high during several days last week stockcharts.com daily $SPX vs. $OEX ratio finished last week at the 2nd lowest value in many months of weekly closes by this ratio, meaning the Mega Caps have been doing the S&P 500 index's heavy lifting, with narrowing participation *by the other 400 stocks within the Market Capitalization dollar size* weighted S&P 500 index - stockcharts.com ========================================================== /ES 4,680** = horizontal bull / bear divider that will be a reliable tell, going forward * pure price-based interpretation, without volume by price considerations important Note -- the re-test from above of the /ES 4,660 region is classic Point & Figure chart interpretation and seeing whether sell-stop running slightly below 4,660 is eventually more sinister than brief .... bulls do not want to see a future hold below /ES 4,660 level =========================================================== Message #42723 from rimshot at 11/10/2021 10:47:07 AM RCKS - here is my chart showing the setup for the NYSE CSO cumulative net A-D line - stockcharts.com Message #42685 from rcksinc at 11/9/2021 7:17:15 PM Urban Carmel take on Breadth study "Here’s a breadth study that’s actionable. After being negative, $NYSI is just 36 pts away from +500. Very high odds of continued upside in $SPX (blue lines). This isn’t how bull markets end" " $NYSE common stock only A/D line finally made a new high today, fwiw" twitter.com pbs.twimg.com