Buy-Signals, Sell-Signals and da-Boyz, Oh My, LOL!?
Our suspicions in regard to the upness reaching it's apex is being confirmed this morning and with prices setting up to GAP below the YTD OE Pivot we should expect the Q's to CLOSE at or near the Spike low of 41.55 posted on 06May!?
The New Sell-Signal issued at the CLOSE on Friday has been confirmed and it appears the Buy-Signal issued 07Jul is gonna get negated today as well!?
The current Buy-Signal is still in effect since we did NOT violate the negate number of 44.06, BUT, it appears it will fail today and yield to the Sell-Signal issed 16Jul!?
The S&P500 remains below the YTD Pivot, 1102.47, CLOSED just below it's S1, 1074.91, at 1071.25 and this morning threatens to violate the S2, 1047.35 on it's way to our FINAL Target of 881.98 or the S8??
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 think the ST TOP is in if we can NOT close above the S&P500 YTD Pivot, 1102.47? We'll be removing more long plays and positioning for a continuation down?
4cast says, ARM-a-Geddon is upon us and we DO NOT Like it!?
Date Open High Low Close
16-Jul 45.44 45.63 44.30 44.34
19-Jul 44.48 44.81 44.10 44.72
4cast
20-Jul 44.04 44.08 42.70 43.00
Buy-Signals:
Pre-pair-ing to Yield to the Sell-Signal, or NOT!?
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 (confirmed 08Jul)
18)09Jul, 44.06 (confirmed 12Jul)
Sell-Signals:
Sell-Signals have definitely dominated the scene since 11Mar, and the trend since early May continues in Full_Court_Jester_Mode!
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 negated 07Jul
28)16Jul, 45.23 (confirmed 20Jul)
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
