SPDR S&P 500 (SPY)

[Neutral Man]

4cast off a skoosh but the YTD OE Pivot, 1102.47, did fail as expected and we CLOSEd below the S1(1074.91), hence, we expect the S4(992.22), to be tagged next week, likely sooner rather then later!?


S&P500 CLOSES at 1102.83 which is right at the YTD Pivot, 1102.47, BUT, without confirmation today, an UP day, it will more than likely be a ST TOP and we'll be on our way to the S4(992.22), sooner rather then later!?

4cast-r says... DOWN today!?

Date Open High Low Close
28-May 1102.59 1102.59 1084.78 1089.41
1-Jun 1087.30 1094.77 1069.89 1070.71
2-Jun 1073.01 1098.56 1072.03 1098.38
3-Jun 1098.82 1105.67 1091.81 1102.83
4cast
4-Jun 1095.67 1095.67 1049.55 1052.70
Act - 1098.43 1098.43 1060.50 1064.88

1212.72 10.00% R4
1185.16 7.50% R3
1157.59 5.00% R2
1130.03 2.50% R1

1102.47 0.00% OE Pivot (NOW Serious resistance)

1074.91 -2.50% S1
1047.35 -5.00% S2
1019.78 -7.50% S3
992.22 -10.00% S4 (Our FINAL Discount Wave Target)