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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 (13)11/23/2021 1:05:20 PM
From: rimshot  Respond to of 1309
 
$NYA price action continues to confirm the 16,944.48 prior horizontal breakout level is
a reliable potential bull / bear divider for wait & see style traders:

Nov 23 action represents the classic Point & Figure method's customary re-test
from above of a prior horizontal breakout level

$NYA weekly -

stockcharts.com

16,887.80 = Nov 23 LOD, so far



To: rimshot who wrote (13)11/23/2021 3:09:11 PM
From: rimshot2 Recommendations

Recommended By
Lou Weed
rcksinc

  Respond to of 1309
 
/ES 4,684.50 = 3 weeks ago Friday close

bears have nothing durable unless we see routine daily closes
below /ES 4684 level, is one way to look at this simply

updated through Nov. 23 cash market open:

/ES 3-minute chart with a partial view of Volume by Price profile for the 10-day look back
shown in the right margin

* today's market open value for the /ES 21-day SMA was only briefly violated in the coming hours
after the cash market open ... /ES 4649.00 = Nov 23 LOD printed in the RTH session

time stamps are central time -- left click your mouse when viewing chart to enlarge