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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 (1012)	11/21/2022 7:03:32 AM
From: rimshot	3 Recommendations Recommended By ajtj99 catou1 skier31 Read Replies (1) \| Respond to of 1309

Friday November 18, 2022 chart snapshots showing the technical context for the current event in which $NYSI approaches its zero line from below ( author is Dave Breslaw, technicalwatch.com ) - PermaLink below shows the Friday November 18th closing update for the selected six major US indices' daily cumulative Advance-Decline line issues breadth in Histogram format - * notice the chart location relative to the A-D lines' 200-day EMA by what Mr. and Mrs. Sherman McClellan determined are the 5% and 10% trend moving averages for each A-D line stockcharts.com here is a repeat of my Friday morning comment about one of what I consider to be an important technical consideration for evaluating the actual measure of risk vs. reward #'s related to the reliability of now predicting the probable Staying Power for the current rally off the October 12/13, 2022 intraday price lows * which displayed at their daily closes a set of positive divergences using the variety of McClellan tools such as the delta between the 5% and 10% trend moving averages which the McClellan Oscillator measures and further reflected by the accumulation of this very same daily delta amount which the McClellan Summation Index displays: * Important big picture technical context FYI - the confirmation of the possible bull scenario on a lasting basis for all US indices requires the 5% and 10% trend moving averages of the cumulative A-D lines to surpass and actually hold above the A-D lines' 200-day EMA ( see the historic work of Mr. and Mrs. Sherman McClellan .... I believe many professional advisors do not choose to fully understand the actual math concepts underlying the accurate & reliable interpretation of the A-D lines' numerous directional cycles, and a large percentage of the McClellans' body of work is devoted to manipulating the raw daily A-D data to calculate the McClellan Oscillator and the McCellan Summation Index. John Bollinger has told me he prefers to avoid applying oscillators to most raw data, so I have that challenge to my actual use of historic underlying math developed by the now deceased Gods of technicians ) see below my summary explanation which I have repeated for more than 15 years at several free public forums for technicians who are in their very early development as well as seasoned folks - ======================================================= my custom charts display cumulative Advance-Decline breadth lines which are the cumulative total of daily net Advance-Decline values Common Stock Only indicators for the NYSE are calculated using only the # of stocks for operating companies within the NYSE Composite Index (funds & select other symbols are excluded) CSO indicators often present a more accurate internal picture for the NYSE Composite Index The NYSE All Issues indicators are calculated using all issues traded in the NYSE Composite Index The McClellan Oscillator is the difference between the 19-EMA & 39-EMA of daily advances minus declines. It reflects the short-term strength and direction of market liquidity. A longer-term view is provided by the McClellan Summation Index, which is the cumulative total of the daily McClellan Oscillator values. These indicators move within a trading range and often identify the overbought/oversold condition of the market ( McSum = McClellan Summation Index ) the dominant rule is: price will eventually follow the direction of the McSum, except for brief periods of price divergence The McSum is neutral at the zero line, bullish while above, and confirmed bearish while below zero** * the distance down to the McSum zero line currently represents one objective measure of the minimum downside risk Confirmed sell signals are a lasting decline below the McSum zero line, though price action has usually declined by a large amount by the time zero is reached from the McSum peak above. Large distances between the McSum daily chart values represent acceleration events in the A-D breadth decline or advance, and the follow-on price impact has a high correlation with the McSum's direction, and usually has at least several days of directional staying power

To: rimshot who wrote (1012)	11/26/2022 2:26:44 PM
From: rimshot	1 Recommendation Recommended By ajtj99 Read Replies (1) \| Respond to of 1309

above 70.0 percent - S&P 500 Bullish Percent Index value, Friday November 25, 2022 above 70.0 percent - S&P 100 BP above 70 percent - Dow Jones Transports BP above 70.0 percent - Dow Jones BP below 70 percent - Nasdaq 100 BP below 70 percent - NYSE Composite BP below 70 percent - Nasdaq Composite BP David Keller, CMT quote November 11 about reliably identifying a rally reversal - the S&P 500 Bullish Percent Index is now above 70%. The 2022 playbook says a reversal back below the 70% level indicates the bear market rally is over. stockcharts.com Message #1012 from rimshot at 11/20/2022 6:27:54 AM 70.6 percent - S&P 500 Bullish Percent Index value, Friday November 18, 2022 77.0 percent - S&P 100 BP 75.0 percent - Dow Jones Transports BP 70.0 percent - Dow Jones BP 67.0 percent - Nasdaq 100 BP 55.1 percent - NYSE Composite BP 41.7 percent - Nasdaq Composite BP Message #1005 from rimshot at 11/12/2022 12:10:16 PM 74.2 percent - S&P 500 Bullish Percent Index value, Friday November 11, 2022 79.0 percent - S&P 100 BP 80.0 percent - Dow Jones Transports BP 76.0 percent - Nasdaq 100 BP 63.3 percent - Dow Jones BP 56.2 percent - NYSE Composite BP 42.2 percent - Nasdaq Composite BP