Buy-Signals, Sell-Signals and da-Boyz, Oh My, LOL!?
The Sell-Signal was NEGATED Wednesday 7/7 at the CLOSE with a violation of the 43.45 negate number!!
We got a New Buy-Signal at the close on 07Jul that generated a Negate Number of 43.96 and that's in keeping with the S1,43.35, and both should provide serious Support going forward!
That said, we are NOT looking for a Violation of the YTD Pivot, 44.46, and instead we look for this up move to bee STOPPED i it's tracks at the 44.46 mark-r!!
The S&P500 has fallen below the YTD Pivot, 1102.47, CLOSED just above it's S2(1047.35) at 1060.27 and now threatens to tag the under belly of the R1(1074.91)!?
1212.72 10.00%
1185.16 7.50%
1157.59 5.00%
1130.03 2.50%
1102.47 0.00% OE Pivot
1074.91 -2.50% S1 (tagged 24Jun)
1047.35 -5.00% S2 (tagged 29Jun)
1019.78 -7.50% S3 (tagged 01Jul)
992.22 -10.00%S4
964.66 -12.50%S5
937.10 -15.00%S6
909.54 -17.50%S7
881.98 -20.00%S8 (Our FINAL, into the Abyss, wave count target)
In summary, we've abandoned our NEW-YTD High model and will take defensive actions to protect our port from Catastrophic losses going forward!
4cast says, ONE LAST UP DAY!??
Date Open High Low Close
2-Jul 42.67 42.82 42.09 42.47
6-Jul 43.09 43.37 42.25 42.60
7-Jul 42.74 44.01 42.70 43.96
4cast
8-Jul 44.31 44.86 44.16 44.73
Buy-Signals:
ALL Negated and Null and Void until further notice!
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 (negated 23Jun)
17)07Jul, 43.96
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)
22)21Jun, 47.53 (confirmed 22Jun)
23)22Jun, 47.16 (confirmed 23Jun)
24)24Jun, 46.26 (confirmed 25Jun)
25)29Jun, 44.24 (confirmed 30Jun)
26)30Jun, 43.56 (confirmed 01Jul)
27)06Jul, 43.45
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 (tagged 29Jun)
42.24 -5.00% S2 (tagged 01Jul)
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
