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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 (275)	2/3/2022 6:22:57 PM
From: rimshot	2 Recommendations Recommended By ajtj99 Lou Weed Read Replies (1) \| Respond to of 1309

Feb 3 Market Wrap, end of day ( by Briefing.com ) - "There weren't any convincing efforts to buy the dip, and the longer this went on, the more it seemed to weigh on overall risk sentiment. Ten of the 11 S&P 500 sectors closed lower in a steady decline. The S&P 500 communication services (-6.8%), consumer discretionary (-3.6%), and information technology (-3.1%) sectors fell between 3-7% amid weakness in the mega-cap stocks. The consumer staples sector (+0.01%) closed fractionally higher due to its defensive qualities. Interest rates moved higher following policy meetings from the European Central Bank (ECB) and the Bank of England. ECB President Lagarde expressed concerns about inflation and said she couldn't rule out a rate hike this year. The Bank of England raised its key lending rate by 25 basis points for the second consecutive meeting, and four of the nine voting members preferred a 50-bps increase. The 2-yr yield rose four basis points to 1.19%, and the 10-yr yield rose six basis points to 1.83%. The U.S. Dollar Index fell 0.6% to 95.38 amid a stronger euro, which keyed off rate-hike expectations due to inflationary pressures. Crude futures topping $90 per barrel ($90.22, +2.05, +2.3%) fueled the inflation angst. "

To: rimshot who wrote (275)	2/4/2022 9:34:25 AM
From: rimshot	Read Replies (1) \| Respond to of 1309

4483.18 = $SPX possible horizontal bull / bear divider based on 14 days of intraday price action violating this level from above on a lasting basis negates a prior major horizontal breakout, and confirms that more downward price action with Staying Power is highly probable 4471.55 now printing, 9:34 a.m. ET 4474.98 = declining 15-day SMA, as of 9:38 a.m. ET Feb 4 - stockcharts.com * a future lasting hold below the 15-day is a negative for the odds of seeing future lasting bounces ..... a high priority vigilance chart item 4494.34 = 10-day EMA, as of 9:44 a.m. ET, Feb 4

To: rimshot who wrote (275)	2/7/2022 10:36:58 AM
From: rimshot	1 Recommendation Recommended By ajtj99 Read Replies (1) \| Respond to of 1309

$SPX 4518.03 = minor bull / bear divider, that bulls must recapture and hold above on a lasting basis 4519.50 now printing at 10:36 a.m. ET 4520.67 = current HOD 2089.84 = $OEX current HOD -- $SPX bulls need to see $OEX hug the top of a rising HOD today