Replies to post #15875 on SPDR S&P 500 (SPY)

[Neutral Man]

Wkly and OE stuff CORRECTION? The OE low was 45.97 on 24May and the OE high was 47.37 on 23May!

As expected prices look to be set to GAP up this morning and FORCE da-Shorts hand for the infamous short squeeze!?

We'll be net buyers until we tag 49.00 as I'll explain below?

wkly stuff
Pivot, 46.45, close on 25May
High, 47.20, 30May
Low, 46.35, 30May
Spread, .85, 1.83%

A little extrapolation using the average wkly PM of 2.5% gives us HOW (High of wk), and LOW (Low of Wk), targets?

47.20 x 0.975 = 46.02 (VERY unlikely)
46.35 x 1.025 = 47.51 (Almost a Given)

Last wk the Q's posted a 3.0% move so an extension above 47.51 is very possible?

46.35 x 1.03 = 47.74

And if da-Shorts PANIC a 4.0% move wouldn't be out of the question?

46.35 x 1.04 = 48.20

OE stuff
OE Pivot, 46.71, 18May (SERIOUS support on a clsing basis)
High, 47.37, 23May, up 1.4%
Low, 45.97, 24May, dn -1.6%
range, 1.40
PM, 3.0%

We can extrapolate a high and low target using the avaerage PM of 6.0%?

47.20 x .94 = 44.37 (Auhh, Not a chance this OE Period)
46.35 x 1.06 = 49.13 (our current OE Target)

Now let's go forth and prosper accodingly!?
nm

For your amusement, da-OEPM 4cast saaaaaaaays......

Date Open High Low Close
25-May 46.26 46.56 46.18 46.45
29-May 46.49 46.86 46.41 46.81
30-May 46.48 47.20 46.35 47.19
4cast
31-May 47.29 47.73 47.19 47.23
1-Jun 47.56 48.22 46.53 47.32

Holy-Volatility Batman.... da-Boyz are putting on da-Ritz, LOL!?