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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 (361)	2/11/2022 3:07:37 PM
From: rimshot	Read Replies (1) \| Respond to of 1309

$SPX 4408.97 is the 50% back down, of the prior Advancing total distance starting from the January 2022 intraday price low 4364.99 = 61.8% 4302.38 = 78.6%

To: rimshot who wrote (361)	2/12/2022 6:50:40 AM
From: rimshot	1 Recommendation Recommended By ajtj99 Read Replies (2) \| Respond to of 1309

these are the nearby SPY prior intraday breakout levels from weeks & months earlier which I already had placed on the SPY 1-min and 3-min charts which I routinely update with H lines for intraday breakout and breakdown price levels - 442.00,440.96,439.10,438.41,437.55 now added to the 10-min SPY chart, shown in dashed brown color - stockcharts.com * let's remember for the medium-term context that /ES 4520, 4534.75, 4550's, 4580's have been highly relevant to trading the ups and downs of the recent 3 weeks ... Friday's day session high was very briefly just above /ES 4520, from which the price decline was relatively vertical & lasting all day Friday and never approaching 4520 again ... * /ES 4534.75 / 4550's levels must be vigilance watched like a hawk, going forward ... 4580 is a drop-dead level for the bulls to eventually surpass, or the bears are going to continue to have the edge QQQ 15-minute clearly displays the vertical character of Friday's decline from very near the 9:30 a.m. ET open - stockcharts.com thank you to my friends here, both those with whom I have a 15-year history from other forums and those who are SI folks ... you enrich my life by being you