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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 (35)12/1/2021 4:13:50 PM
From: rimshot  Respond to of 1309
 
SPY 449.50 = the 16-hour trading day intraday low, so far with 4 more hours left to trade until 8:00 pm ET

some of Scott's chart work, repeated -

stockcharts.com

$SPX daily 55,1 EMA (4,564.xx ) provided support for the Tuesday Nov. 30 intraday low ... and was Violated by the Dec. 1 afternoon decline

stockcharts.com

stockcharts.com

stockcharts.com



To: rimshot who wrote (35)12/1/2021 10:06:24 PM
From: rimshot  Read Replies (1) | Respond to of 1309
 
SPY & QQQ daily charts updated for Wednesday Dec 1 close:

SPY daily closes chart -

* SPY 451.74 = look left to see the early September daily close high, which
SPY is now testing briefly from above ... which is textbook Point & Figure evaluation method
as a customary technical expectation with a probable bullish outcome in the long run only
if the test from above is successful with a persistent advancing sequence that eventually follows

stockcharts.com

Positively divergent higher lows by the recent daily prints of the
Advancers minus Decliners delta for six major US indices -

stockcharts.com

SPY rests slightly below the 55-day SMA ( 451.58 ) & above the rising 89-day EMA
Wednesday Dec 1 close

stockcharts.com

QQQ rests slightly below the 34-day EMA ( 388.95) & above the rising 55,1-day EMA
Wednesday Dec 1 close

stockcharts.com

some of Scott's chart work, repeated ( Scott is deceased ) -

stockcharts.com

stockcharts.com

stockcharts.com