SPDR S&P 500 (SPY)

[NetNeutral]

The Cascading Discount Wave – Day 4 …

The Cascading Discount wave continues as price posted yet another lower low on Monday. We expect price to GAP and Crapp at the Open as da-Boyz paint pictures of meaning? Obviously da-Boyz are gonna start out at the HOD dis-morning and slowly walk-r down to CLOSE around 207.50 setting up a GAP down below the GAP of 205.99??

Wednesday High 210.92, Friday’s Low 207.91, or a decline of 3.00 (-1.4%)
We can extrapolate using said numbers, closed 208.97 so we use simple math to arrive at the ST target?
208.97 – 3.00 = 205.97 (GAP at 205.99 from 4/12 likely ST target)??

The HUGE drop into the last hour of trading on Wednesday triggered a ST-TOP that got us screaming from the Roof-Top to GET SHORT and we stand by this call into Tuesday as the SPY attempts to violate the key support lines listed below?? Obviously the SPY will trigger a TREND CHANGE if said support lines get violated, let us all play along as da-Boyz follow our lead and complete this ST Cascading Discount Wave of meaning, or NOT, LOL…

Support

208.65, violated (now resistance on a CLOSE-ing basis)
207.78, violated 3/25 (we expect price to CLOSE below dis-puppy 2day)
206.84
206.50
205.92
203.97

Expect EVERY Freakin one of deeze puppies to get violated as we careen into the CLOSE, OUCH!!!