SPDR S&P 500 (SPY)

[Neutral Man]

Obviously we're gonna Violate ALL support levels at the OPEN and the Sell-Programs will dominate the day with a climatic Selling event to transpire at the CLOSE as many system take a SHORT bias at the CLOSE!?

We're gonna 4cast Monday as well because we do expect a CLOSE at or near the 06May low of 41.55 and the 4cast has us CLOSE-ing at 41.71 on Monday

Date Open High Low Close
14-May 47.49 47.52 46.38 46.93
17-May 47.04 47.27 46.07 47.08
18-May 47.47 47.58 46.22 46.43
19-May 46.26 46.63 45.55 46.06
4cast
20-May 45.20 45.76 43.83 43.97
21-May 44.58 45.68 43.19 43.28
24-May 42.18 42.51 39.37 41.71

The 4cast says we bounce to 45.76, BUT, we would NOT be surprised if the R1(45.57), now becomes resistance!!

ANYONE playing long play's today is playing with their future as we have ZERO bias towards this being anything but a Cascading-Waterfall event that is gonna be measured in days or weeks and NOT hours!!