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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 (819)10/4/2022 1:14:46 PM
From: rimshot  Respond to of 1309
 
$OEX under performing the $SPX since today's cash market open
just now hit its low mark for the day

meaning the pullback low for SPY is probably still to come today

* see 5-min $OEX to $SPX ratio at SC



To: rimshot who wrote (819)10/4/2022 1:23:50 PM
From: rimshot  Respond to of 1309
 
SPY 374.13 horizontal = highest level bull / bear divider in play for pullbacks today ... lower
price levels of possible horizontal support exist below 374.13

374.10 pullback low just now printed

level is valid for today only



To: rimshot who wrote (819)10/4/2022 2:34:41 PM
From: rimshot  Read Replies (1) | Respond to of 1309
 
SPY shortable inventory has been constantly declining today, and now sits at 154k shares available to short at Fidelity

as of 2:34 pm Eastern Oct. 4

* low inventory levels which steadily declined intraday most days last week, was a "tell" for this week's price bounce