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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 (292)	2/7/2022 11:50:25 AM
From: rimshot	Read Replies (1) \| Respond to of 1309

for trading SPY today with the intention to exit before the close, be certain to monitor the $OEX 5-min 10-period and 50-period EMA's and the $OEX Accum/Dist line vs. its 30-period EMA and the $OEX OnBalanceVolume line vs. its 30-period EMA * this applies whether trading a short OR a long position in SPY the $OEX 5-minute 50-period EMA is tested from above or below each day at least once during each day ( 85% of the days ), and what happens with price action after that kiss of the 50 area is crystal clear