Replies to post #104595 on SPDR S&P 500 (SPY)

[Neutral Man]

4cast off a skoosh but the YTD OE Pivot, 1102.47, did fail as expected and we CLOSEd below the S1(1074.91), hence, we expect the S4(992.22), to be tagged next week, likely sooner rather then later!?


S&P500 CLOSES at 1102.83 which is right at the YTD Pivot, 1102.47, BUT, without confirmation today, an UP day, it will more than likely be a ST TOP and we'll be on our way to the S4(992.22), sooner rather then later!?

4cast-r says... DOWN today!?

Date Open High Low Close
28-May 1102.59 1102.59 1084.78 1089.41
1-Jun 1087.30 1094.77 1069.89 1070.71
2-Jun 1073.01 1098.56 1072.03 1098.38
3-Jun 1098.82 1105.67 1091.81 1102.83
4cast
4-Jun 1095.67 1095.67 1049.55 1052.70
Act - 1098.43 1098.43 1060.50 1064.88

1212.72 10.00% R4
1185.16 7.50% R3
1157.59 5.00% R2
1130.03 2.50% R1

1102.47 0.00% OE Pivot (NOW Serious resistance)

1074.91 -2.50% S1
1047.35 -5.00% S2
1019.78 -7.50% S3
992.22 -10.00% S4 (Our FINAL Discount Wave Target)

[Neutral Man]

So the S&P500 was 4cast to close at 1052.70 on Friday and da-Boyz waited a day, whatever, LOL!

4cast-r on Firday said... DOWN today!?

Date Open High Low Close
28-May 1102.59 1102.59 1084.78 1089.41
1-Jun 1087.30 1094.77 1069.89 1070.71
2-Jun 1073.01 1098.56 1072.03 1098.38
3-Jun 1098.82 1105.67 1091.81 1102.83
4cast
4-Jun 1095.67 1095.67 1049.55 1052.70
7-Jun 1065.84 1071.36 1049.86 1050.47

It's officially begun on the S&P500, the testing of Support levels now that the YTD OE Pivot, 1102.47, has been violated and is NOW resistance for the remainder of the CENTUREY!!!!


1212.72 10.00% R4
1185.16 7.50% R3
1157.59 5.00% R2
1130.03 2.50% R1

1102.47 0.00% OE Pivot (NOW Serious resistance)

1074.91 -2.50% S1 (violated and now resistance)
1047.35 -5.00% S2
1019.78 -7.50% S3
992.22 -10.00% S4 (Our FINAL Discount Wave Target)