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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 (207)1/26/2022 6:52:13 PM
From: rimshot1 Recommendation

Recommended By
ajtj99

  Read Replies (1) | Respond to of 1309
 
five year history for $NYSI, $NYMO and the NYSE cumulative net Advance-Decline line -

stockcharts.com

* NYSI has vigilance levels marked for overall context purposes at the zero line and the negative 800 level

** the cumulative A-D line now below its 200-day EMA is a firmly bearish condition, only while it lasts

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seven year history for NYSE price action, $NYMO, $NYSI and the NYSE cumulative net Advance-Decline line -

stockcharts.com





To: rimshot who wrote (207)1/28/2022 3:01:45 PM
From: rimshot  Read Replies (2) | Respond to of 1309
 
here are four of the Carl Swenlin daily
Price Momentum Oscillator data items displayed
on the $SPX daily -

stockcharts.com

PMO direction is the most important takeaway, says Carl ...
OB or OS by the PMO or OS or OB by the details of the three PMO internals shown
on this specific chart are actionable,
though the PMO actual direction defines the Momentum until that actually reverses

* at the January 27 close, the three PMO internals are saying a bounce
of some magnitude has decent odds in the near future ... if a bounce lasting
a # of days does not occur, the sellers are clearly in firm control

PMO explained -

school.stockcharts.com

" The PMO oscillates in relation to a zero line.
Normally, the PMO direction indicates if strength is increasing or decreasing,
while the steepness of the trend angle demonstrates the power behind the move. "

" chart of the S&P 500 index ... The normal PMO range for this index is from
about +2.5 (overbought) to -2.5 (oversold);
when the PMO approaches or breaches those limits,
it often signals a price reversal.
When the PMO changes direction at or beyond the extremes of its normal range,
it is a fairly reliable indication that an intermediate-term change in price direction is taking place."