Buy-Signals, Sell-Signals and da-Boyz, Oh My, LOL!?
NOT Exacty, the Q's not only held onto the Buy-Signal by CLOSE-ing above the 44.06 negate number, BUT, they also closed ABOVE the Sell-Signal negate number of 45.23, oh boy, sigh......
The New Sell-Signal issued at the CLOSE on Friday has been negated and a NEW Buy-Signal has triggered at the CLOSE printing a negate number of 44.69! This is in keeping with the YTD OE Pivot, 44.46, being Serious support going forward!?
The Buy-Signal is still in effect and since we did get a NEW Buy-Signal at the CLOSE the 4cast has changed to Nuttin but Upward bias for the remainder of the week, oh boy, sigh.......!?
The S&P500 remains below the YTD Pivot, 1102.47, CLOSED just above S1, 1074.91, at 1083.48 and threatens to take out the YTD OE Pivot Wednesday!?
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 our original prognostications for a POP up to the S1(45.57) will happen Wednesday with an extension up to the 46.64/46.68 support-resistance lines may be in play now!?
4cast says, SHORTS gonna take it in, well, da-SHORTS, Oh Boy, Sigh...........!?
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
20-Jul 43.99 45.26 43.86 45.26
4cast
21-Jul 45.33 45.95 45.08 45.77
22-Jul 45.96 46.43 45.71 46.27
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
