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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 (2)	11/19/2021 6:46:12 AM
From: rimshot	Respond to of 1309

$OEX daily for 6 months - stockcharts.com * the $OEX 2,156 / 2157 levels formed the intraday 5-minute close lows at least 3 times during the Nov. 17 through Nov. 18 period, so I have placed 2,156 on this daily chart as a probable bull / bear divider for future vigilance Note - the Nov 18 close represents a 6-month low for the RSP vs. SPY ratio shown at the bottom of this chart, meaning the Mega Caps are overwhelmingly responsible for the largest percentage amount of the current near-term upward price action by the S&P 500 index similarly, the $SPX vs. $OEX ratio prints at the Nov 18 close a ratio value among the lowest 3 values seen during these 6 months

To: rimshot who wrote (2)	11/19/2021 10:07:02 AM
From: rimshot	Read Replies (1) \| Respond to of 1309

Friday Nov. 19 intraday in & out trading plan - actively shorting near /ES 4705.00 ( slightly above or slightly below ) and holding short positions for whatever period a decline actually lasts .. long positions will only be held when a durable hold above the /ES 4705 / 4707.75 zone occurs ( SPY 470.21 to 470.48 ) ... /ES 4710 to 4715 as upward target zone #1, with 4720 / 25 to possibly be seen as #2 Note - the 2-week period shows a double-test from above of the /ES 4668.xx region, which formed the Nov. 18th V-bottom low, meaning a high priority for what occurs if future declines develop /ES 3-min chart updated after today's cash open, showing the 10-day Volume by Price profile in the right margin - time stamps are Central time