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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 (737)9/7/2022 7:19:07 PM
From: rimshot1 Recommendation

Recommended By
ajtj99

  Read Replies (2) | Respond to of 1309
 
2,442 = closing value for today's September 7, 2022 -
# of NYSE Advancing Issues, conformed by StockCharts to equal the WSJ statistic

73% of the NYSE Total # of Active Symbols today

stockcharts.com

* bears rule only while the # of NYSE Advancing issues
divided by the # of NYSE Total Active Symbols rests below the 50% level

==================================

S&P 500 daily cumulative net A-D line now rests back above its 200-day EMA for day #1 -

stockcharts.com

* bulls need the S&P 500 A-D line, at a minimum, to hold above its 39-day EMA for a # of weeks
OR
any price and breadth advances are likely to be temporary

==================================

3,982.06 = S&P 500 index 63-day simple moving average current value,
as of September 7, 2022 close

stockcharts.com








To: rimshot who wrote (737)9/8/2022 12:46:22 PM
From: rimshot2 Recommendations

Recommended By
ajtj99
LoveAG

  Read Replies (1) | Respond to of 1309
 
$NYA - NYSE Composite index 55-day SMA capped the Sept 8 intraday high, so far as of 12:46 pm Eastern

Scott's 55-day EMA displaced one day to the right on the five charts shown below the $SPX chart -

$SPX daily by Scott -

stockcharts.com

daily ROC 25 charts for each major index, smoothed with two moving averages
for the purpose of moving average crossover vigilance which is required
to confirm the probable directional Staying Power of any future upward or downward price action

stockcharts.com

stockcharts.com

stockcharts.com

stockcharts.com

stockcharts.com

Scott, who is deceased, enjoyed his birthday every early September







To: rimshot who wrote (737)9/9/2022 3:01:53 PM
From: rimshot1 Recommendation

Recommended By
ajtj99

  Read Replies (1) | Respond to of 1309
 
15,130.22 - NYSE Composite index 5-month SMA current value, above which all
prior monthly breakouts since late March 2022 have eventually failed & reversed back down
to rest below the $NYA 5-month SMA

stockcharts.com

* this time could have a different outcome during September 2022, and it would represent a reliable tell