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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 (634)	6/1/2022 7:03:38 PM
From: rimshot	Read Replies (1) \| Respond to of 1309

June1 = *day #36 the $OEX price action failed to close* above the declining 34-day EMA** - stockcharts.com ======================================= daily plot of Percentage of S&P 100 stocks which individually rest above their 200-day EMA / 50-day EMA / 20-day exponential moving average - stockcharts.com 38% now vs. 42% on Friday - above 200-day EMA 38% now vs. 54% on Friday - above 50-day EMA 70% now vs. 82% on Friday - above 20-day EMA * as of Wednesday June 1, 2022 * $OEX has generally under performed the $SPX price action since 2nd week in May 2022, and US equity market bulls need to see the daily $OEX vs. $SPX ratio improve to the upside in future weeks