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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 (118)12/16/2021 3:06:46 PM
From: rimshot  Read Replies (1) | Respond to of 1309
 
/ES is now testing the next level lower as down target #2 ... the Weekly Pivot at 4645.00

March contract pricing

Message #118 from rimshot at 12/16/2021 2:21:18 PM

4654 to 4655.xx = /ES low volume node region, which is possible downside target #1
and a location where price could decide if we go further lower OR bounce

basis March 2022 pricing

revised $OEX 30-min & SPY 15-min charts with added price horizontal markers
based on Dec 15 late-day action alone and based on prior days' intraday highs
and lows -

$OEX 30-min with 2169.69 key level to both bulls & bears based on 5-min closing prices has been added as a green horizontal marker -

stockcharts.com

SPY 468.78 = for the current bounce off LOD today Dec 16, the potential bull / bear divider that is now in play
.... based on Dec 15th late day action alone

revised SPY 15-min with new horizontal markers added -

stockcharts.com



To: rimshot who wrote (118)12/16/2021 4:18:13 PM
From: rimshot  Read Replies (1) | Respond to of 1309
 
/ES 4642 to 4648.xx =
minor high volume node region, 10-day look back

4654 to 4655.xx =
minor low volume node region
(violated on Dec 16, this LVN served its purpose as LVN because we spent
no significant time at this price zone today to accumulate any further transacted volume ..
this LVN immediately failed to provide any support today, LVN's either cause a directional
price pause or do not, always acting as a potential target magnet prior to being tested )

4640 to 4648.xx =
minor high volume node region, 30-day look back
(partially & briefly penetrated today, Dec 16 )

4628 to 4629.xx =
minor high volume node region, 30-day look back

4610 to 4614.xx =
minor high volume node region, 30-day look back
( spent hours on Dec 15 pre-Fed release within this HVN )

=========================================

4682 =
major high volume node region, 30-day look back
and represents the current Volume Point of Control updated
Dec 16 close