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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 (173)12/29/2021 11:25:55 AM
From: rimshot  Read Replies (2) | Respond to of 1309
 
Dec 29 - $SPX 4792 = start of daily resistance today

then daily resistance at 4795 / 4801

4778 / 4772 = daily support today

4809 is the region of hard resistance to date, so we could either trend sideways

for a period OR we could drop to near 4720 before potential new highs toward 4900

SPY daily, keeping track of the recent daily close high -

stockcharts.com

Message #173 from rimshot at 12/28/2021 12:52:19 PM

$SPX intraday high of 4807.02 printed today Dec 28 near the Wave target of 4809
followed by an intraday decline to 4780.04

* a daily close below 4775 triggers a potential test from above of pattern support at 4740 / 4710

$SPX daily closes chart in histogram format -

stockcharts.com

* keeping track of the recent daily close highs & lows & the $SPX vs. $OEX ratio

SPY 477.26 = the Dec 27 daily close equivalent to Dec 27 close of 4791.19 for $SPX