To: rimshot who wrote (1177 ) 2/28/2023 4:18:54 AM From: rimshot 1 RecommendationRecommended By ajtj99
Read Replies (1) | Respond to of 1309 Scott's daily ROC-25 charts for each major index, smoothed with two moving averages for the purposes of:1. ROC-25 moving average crossover vigilance ( ROC stands for Rate of Change ) &2. zero line crosses by either one of the two ROC moving averages are in a bullish location if above the ROC zero line and in a bearish location if below the ROC zero line ... which are optimally both required to confirm the probable directional Staying Power of any future upward or downward price action * the ROC-25 smoothed with the 55-day EMA and also smoothed with the 5-day EMA are pointing downward toward the ROC zero line for all indices, with the exception of the ROC-25 55-day smoothing for the $COMPQ ROC-25, updated for Monday's February 27, 2023 close stockcharts.com stockcharts.com stockcharts.com stockcharts.com stockcharts.com * Note - veteran technicians consider the $VLE technicals as especially reliable for divining the US market direction ( RIP Scott Stringer, master student of the math aspect of price analysis ) complimentary chart - stockcharts.com shown above is a daily chart showing the cumulative version of the McClellan Oscillator for the NYSE Common-Stocks-Only data set which currently shows the cumulative McO pointing downward toward the cumulative McO zero line and also below its rising 30-day simple moving average for a considerable # of trading days , which represents a warning sign for the ongoing health status of the US equity market and is what I consider an item not to ignore , as Arthur Hill, CMT likes to say for special warnings when they occur Message #74307 from rimshot at 12/1/2022 9:21:39 AM Scott's 233,1 EMA applied to the SPY daily closes chart - stockcharts.com ( as stated in prior months, Scott is now deceased nearly two years ) Note - SPY price history is adjusted downward by the amount of each SPY quarterly dividend, so the price history will not match what Fidelity or ThinkOrSwim charts display Message #1177 from rimshot at 1/21/2023 2:49:40 PM Scott's daily charts for five indices showing the ROC-25 smoothed with the 5-day EMA & 55-day EMA for trend interpretation of the positive or negative net Buying Power when compared to the ROC zero line - * Scott (RIP) smoothed the ROC in order to avoid trend identification whipsaw SPY - 5 EMA has risen since Jan. 9 and both EMA's rest near zero line all of this week $SPX - 5 EMA has risen since Jan. 9 and both EMA's rest near zero line all of this week $VLE - both EMA's rest above zero line for 2 weeks $NYA - both EMA's rest above zero line for 2 weeks $COMPQ - both EMA's rest below zero line since mid-December ... rising since early January " The Rate-of-Change oscillator measures the speed at which prices are changing. An upward surge in the Rate-of-Change reflects a sharp price advance. A downward plunge indicates a steep price decline. Sustained advances often start with a big surge out of the gate. Subsequent advances are usually less sharp and this causes a bearish divergence to form in the Rate-of-Change oscillator. It is important to remember that prices are constantly increasing as long as the Rate-of-Change remains positive . " ( StockCharts.com )