SPDR S&P 500 (SPY)

[Neutral Man]

BeerMaster, the OPENING price is Relative and the ONLY thing we'll let da-Boyz do without us, LOL!?

Really though, the opening price is what it is and does NOT change the 4cast, now a Vilation of the LOD or breach of the HOD in a meaningful way will get our attention!?

That said, OPEN-ing at the Highs is more Bearish than Bullish and our R1(45.92), target may be it and we may NOT get teh extension to the R2(46.48) on this BOUNCE!?

But, the 4cast stands as posted this morning, until further Notice or when da-Boyz Picture Painting is complete, LOL!? We've changed the open and HOD and go forward accordingly, ESPECIALLY if we CLOSE t the 45.42! remember the OEPM is TOTALLY Dependent on the CLOSE-ing price, we MUST submit to the CLOSE-ing price factor!

Date Open High Low Close
18-Jan 45.64 46.14 44.76 45.35
22-Jan 42.83 44.77 42.73 44.18
23-Jan 42.54 44.15 41.61 44.01
24-Jan 44.19 44.93 44.06 44.91
4cast
25-Jan 45.86 45.87 44.91 45.42
28-Jan 45.41 46.62 45.35 46.58

We'll use price action below 45.00 to add longs or hedge shorts?

Good trades,
nm