SPDR S&P 500 (SPY)

[NetNeutral]

Trend Update

Trend info listed below, BUT, we expect prices to be in a corrective Discount wave between now and the Fed announcement on 27Apr (Wednesday next week)??

Trends have NOT been broken on the Q’s or SPY as of yet (on my system dat is), with the Q’s still showing the most strength.

The Q’s trend change triggered on 2/22 and completed day 42 as of Wednesday’s close, The SPY triggered on 2/19 and completed day 43 on Wednesday’s close.

In relation to recent trends (the past longevity of said trends), we have to go back two years to the 2nd Qtr of 2014 to exceed 35 days with the SPY tagging 37 days and the Q’s making it up to 55. As of the past 18 months we can see the trends only exceeded 20 once!

In addition, a trend lasting this long is NOT usuallly associated with a bearish or TOP-ing pattern. In other words, things are out of sync in many regards when one C’s a trend of 42 days but all other indicators are signaling bad things to come in regard to price??

In addition, it appears da-Boyz are intent to post another tall Green Monthly candle similar to March? March was a 100 point candle and if one takes the Opening price of 203.09 and adds 10.00 (100 points), one can easily expect 213.09 as a reasonable target before this Non-Compulsive Sneaky Manipulative Wave up to take a breather?

If we then get a 50% retrace one can extrapolate a 203 target on a intraday basis but with 203.87 being the Closing price on 12/31/2015 on must consider closing below said level as signaling more down??

In Summary, One has to consider 1 of 2 scenarios when trying to discern this disconnect??

1) Serious manipulation in an attempt to exit stage right by the rulers of the Markets?
2) This three year consolidation between 1800 and 2150 is nothing more then that, consolidation before the multi-year break-out?

I can’t imagine ANYONE has considered scenario two in which the past three years has been THE correction(consolidation) and once complete we move up to play above 2150 for many years??

This would suggest that the BULL RUN ended three years ago (suggesting the BULL Market lasted only 4 years which is well within the mean),and we’re in the process of COMPLETE-ing THE correction!!??

Not even I can wrap me tiny brain around dat possible out-come…