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Strategies & Market Trends : SPY & QQQ intraday chart observations by rimshot -- Ignore unavailable to you. Want to Upgrade?

To: rimshot who wrote (1)	11/19/2021 10:53:55 AM
From: rimshot	Read Replies (1) \| Respond to of 1309

$NDX daily chart - stockcharts.com * the seven chart elements located below the $NDX price action are not setting up in recent days to embolden confidence in the near-term probable sustainability of the current upward movement by the $NDX ... the odds for the very near-term continuation of upward price action are now lessening, though any improvement in these lower seven chart elements will be clearly evident if it occurs Note - it is important to bulls to see the Price Momentum Oscillator advance above the PMO's July 2021 peak, and to accomplish this for a # of days / weeks

To: rimshot who wrote (1)	11/23/2021 11:27:27 AM
From: rimshot	Respond to of 1309

QQQ 60-minute displays 4 higher lows since Nov. 10 - stockcharts.com 398.45 = 4-week SMA current value, in late morning Nov 23 vs. 400.23 HOD, so far on Nov 23 $NDX LOD on Nov 23 = the 21-day SMA region stockcharts.com Message #1 from rimshot at 11/18/2021 1:39:11 PM QQQ hit 52 week high @ 400.9922 trigger as of 11/18/2021 11:43 a.m. ET. QQQ weekly for 9 months - stockcharts.com 401.94 = today's Nov 18 high so far, & the upward movement has seen rejection for actually holding above the weekly 15,2 upper BB, it is important how today and Nov. 19 closes relative to the UBB location