Buy-Signals, Sell-Signals and da-Boyz, Oh My, LOL!?
The Buy-Signal issued on 23Jul remains in control but we got a NEW Buy-Signal on Friday's close and a new negate number of 46.18!
ALL eyes we're on the S1(45.57), and the S2(46.68) because if either one fell on a CLOSE-ing basis then we expect prices to continue in said direction! Quess what, we breached 46.68 on a close-ing basis and there is ZERO reason to expect prices to drop before they tag the R3(47.79)!!!!!
We'll continue to use the volitility to extract coins as da-Boyz play between the lines, the 46.68/47.79 lines dat is!?
The S&P500 has decisively gotten above the YTD Pivot, 1102.47, at 1121.64 and is making a serious run for the R1(1130.03) this week!?
1212.72 10.00%
1185.16 7.50%
1157.59 5.00%
1130.03 2.50%
1102.47 0.00% OE Pivot (Finally breached 23Jul)
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
In summary, we think our original prognostications for a POP up to the S1(45.57) has happened Friday and an extension up to the 46.64/46.68 support-resistance lines are a real possibility going forward, BUT, ANY Freaken breach of 46.64/46.68 will get our attention and get us 100% LONG!?
4cast says, SHORTS gonna take it in, well, da-SHORTS, Oh Boy, Sigh...........!?
Date Open High Low Close
6-Aug 46.32 46.85 46.05 46.76
4cast
9-Aug 46.98 47.12 46.28 46.94
Buy-Signals:
Dominate-ing since 23Jul and we LIKE IT!?
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)
19)20Jul, 44.69 negated 21Jul
20)23Jul, 45.48 (confirmed 26Jul)
21)06Aug, 46.18
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)
29)21Jul, 44.72 negated 22Jul
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
