SPDR S&P 500 (SPY)

[Neutral Man]

Weekly Update!

Ending 18Apr
Close on 13Apr 44.65
High, 45.23
Low, 44.83
Spread, .40 (.9 %)

Average wkly movement is 2.5%, hence suggest at the minimum a 1.0% additional move Up and/or Down?

We extrapolate using the 44.83 low and 45.23 high?

45.23 + .4465 (1.0 additional up, 44.65 x .01 = .4465)
This gives a possible high of 45.6865

44.83 - .4465 (same 1.0% additional concept)
This gives a possible move to 44.3835

Now use this information as a Risk/Reward indicator? Right now this pattern suggest we DO NO close the gap at 45.01 and that would portend mroe down, to about 44.38 to be exact?

Good trades,
nm