SPDR S&P 500 (SPY)

[Neutral Man]

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

The Buy-Signal issued on 11Jun was confirmed on 14Jun!

We also got a New Buy-Signal at the close on 15Jun and the new negate number generated is 46.13! This is the THIRD Buy-Signal in FOUR days and da-Boyz have our attention since they CLOSED above the R2(46.68) AND the long-term break-out/break-down level of 46.64!!

The S&P500 has finally breached it's respective YTD OE Pivot, 1102.47 and this is cause for celebration for da-Bulls!!

In summary, ALL data points to a NEW YTD High being tagged on this up move and we expect 46.68 to HOLD on a CLOSE-ng basis Wednesday!?

4cast says, MORE UP!??

Date Open High Low Close
11-Jun 44.56 45.54 44.61 45.50
14-Jun 45.91 46.26 45.31 45.49
15-Jun 45.71 46.77 45.79 46.71
4cast
16-Jun 46.47 47.35 46.39 46.95

Sorry SHORTS but da-Boyz are gonna stick up your Asskies and Break it off by Friday, oh boy, sigh.............


Buy-Signals:

The Buy-Signal from 05Feb, and the five buy-signals that followed, did NOT get negated until 27Apr! Since then we've had six Buy-Signals and ALL six 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)
10)21May, 44.24 (confirmed 24May)
11)25May, 44.14 Not Confrimed
12)27May, 45.30 (Negated)
13)02Jun, 45.67 (negated 04Jun)
14)10Jun, 44.51 (confirmed 11Jun)
15)11Jun, 44.93 (confirmed 14Jun)
16)15Jun, 46.13

Sell-Signals:

Sell-Signals have definitely dominated the scene since 11Mar and we suspect they'll continute to win out over buy-signals indefitely going forward?

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 Sell-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)
16)18May, 47.36 (confirmed 19May)
17)20May, 45.24 (confirmed 21May, negated 27May)
18)01Jun, 46.14 (negated 02Jun)
19)04Jun, 45.99
20)07Jun, 45.16 (confirmed 08Jun)
21)09Jun, 44.70 (negated 10Jun)

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 (violated 14May, hasn't been seen since)
46.68 5.00% R2 (violated 18May on a close-ing basis and back-tested 19May)
45.57 2.50% R1 (violated 20May and NOW Serious resistance)

44.46 0.00% YTD OE Pivot (Once thought to be the FINAL Discount wave target, close at 44.35 on 20May and another violation will Open the FLOOD gates to start vilating the Support levels!!??)

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