SPDR S&P 500 (SPY)

[NetNeutral]

SPECIAL ALERT, TAKE Duex……….


So, where do we start, maybe with Bullish or Bearish developments, lets get started shall we...

First off, while the "SPECIAL ALERT" definitely could give one the impression of a Bearish bias it was anything but that, in fact, regardless of ANY GAP DOWNS we made it VERY CLEAR that we expected New Daily Highs EVERY DAY into 6/14, Right!!

And while Spy did NOT deliver on the higher high on Friday eye find it reproach-a-BULL at best to hold us accountable for a 0.04 cent miss, really...

Secondly, EVERY single measure for a bias of meaning is pointing UP and the ALL Clear signal has been given since the 4 day MACD has crossed over for the first time since the cross under on 2/5, meaningful and on our radar!

In addition, EVERY single Trend, Price, PM(percent movement), indicator eye have is pointing, well, UP...

Add to the above the fact that Spy is above its Yearly OE Pivot, 266.51, and it's JunOE Pivot, 271.33, both by a substantial margin and Friday 6/15 is the close of said OE(Option Expiration) period and prices tend to keep rising if Spy is above the 2.5% up marker for said period(278.11)!!

In summary, there is NO indicator in my 30 plus years of compiling said indicators that suggest Spy does ANYTHING on a CLOSE-ing basis but go, well, UP!!

That said, eye will post supporting charts to support said Upness but also post a separate position posts explaining our option plays last week and the ones we have OPEN going into Monday sometime soon, there is much to talk about and even more to prepare for as Monday, Tuesday and Wednesday r going to confirm the Up scenario or, well, reject it???

Have a Great Weekend ALL...