SPDR S&P 500 (SPY)

[Neutral Man]

Buy-Signals, Sell-Signals and da-Boyz, Oh My, LOL!?

Ok All, we currently have a Sell-Signal in play from 13May, BUT, it's NOT unusual to have our Buy and Sell signals flipping back and forth at key inflection points in time, hence, da-Boyz have our Full Attention!?

We expect a two day Bounce before resume-ing the Cascading-Waterfall-Event and we intend to prosper as we unwind long plays and re-initiate short plays of meaning during dis-Bounce!?

4cast says we go Up for a couple days and we LIKE IT!?

Date Open High Low Close
14-May 47.49 47.52 46.38 46.93
4cast
17-May 47.25 47.73 46.87 47.25
18-May 47.67 48.61 47.46 48.01


Buy-Signals:

The Buy-Signal from 05Feb did NOT get negated until 27Apr! Since then we've had three Buy-Signals and ALL three have been negated!

No, Date, Negate #
1) 05Feb, 42.44
2) 11Feb, 43.12
3) 12Feb, 43.21
4) 25Feb, 44.04
5) 22Mar, 47.32
6) 22Apr, 49.68 (Negated 27Apr)
7) 29Apr, 49.60 (Negated 30Apr)
8) 06May, 45.99 (Negated 07May)
9) 12May, 48.01 (Negated 13May)

Sell-Signals:

Every Signal was confirmed and Price NEVER closed below the negate Number, UNTIL, 13Apr, Whatda, Howda, Whoda, Dem Boyz, LOL!

NO, Date, Negate #
1) 11Mar, 48.30
2) 12Mar, 48.31
3) 16Mar, 48.50
4) 18Mar, 48.79
5) 22Mar, 48.88
6) 23Mar, 49.22
7) 25Mar, 48.91
8) 29Mar, 49.19 (Negated 13Apr with a close above!)
9) 14Apr, 50.91 (confirmed with an additional Buy-Signal 15Apr)
10)15Apr, 51.13 (confirmed on 16Apr)
11)27Apr, 50.34 (confirmed on 28Apr)
12)30Apr, 50.22 (confirmed on 03May)
13)04May, 49.40 (confirmed 05May)
14)07May, 46.32 (Negated 10May)
15)13May, 48.81 (confirmed 14May)

Last but defintely NOT Least is the OEPM S/R lines of meaning!

53.35 20.00% R8
52.24 17.50% R7
51.13 15.00% R6
50.02 12.50% R5 (Serious resistance as of 30Apr)
48.91 10.00% R4 (violated 04May, look to the R3 for guidance now)
47.79 7.50% R3 (next target of meaning)
46.68 5.00% R2 (currently being used as Support on a close-ing basis)
45.57 2.50% R1 (spent a brief moment here on 06/07May)

44.46 0.00% YTD OE Pivot (Final Discount Wave Target and tagged 06/07May))

43.35 -2.50% S1
42.24 -5.00% S2
41.13 -7.50% S3
40.01 -10.00% S4
38.90 -12.50% S5
37.79 -15.00% S6
36.68 -17.50% S7
35.57 -20.00% S8