Replies to post #105078 on SPDR S&P 500 (SPY)

[Neutral Man]

Buy-Signals, Sell-Signals and da-Boyz, Oh My, LOL!?

We got a New Buy-Signal at the close on 11Jun and the new negate number generated is 44.93! This is the second Buy-Signal in as many days and da-Boyz have our attention if we manage to CLOSE above the R1(45.57)?

The S&P500 is the only one still operating below it's respective YTD OE Pivot, 1102.47 and this is NOT good for da-Bulls and we suspect we're on the verge of finding the middle of the END in preparation for the END of the END!?

It probably goes without saying that a violation of the YTD Pivot,44.46, will set in stage a decline of which NO Long play-r is gonna be able to handle, hence, we can NOT expect such a violation since da-Boyz probably do NOT want to cause a 1929 like PANIC Sell wave, or do they!?

In summary, da-Boyz have REALLY done it dis-TIME as they even have US second guessing our system signals and we DO NOT LIKE IT!!

Boyz, we appologize for the CAPE pulling episode and promise to NOT SPIT into the WIND anytime SOON so could you please go a bit easier on us for the remainder of the OE period, or NOT, LOL!


Buy-Signals:

The Buy-Signal from 05Feb, and the five buy-signals that followed, did NOT get negated until 27Apr! Since then we've had six Buy-Signals and ALL six have been negated!

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)14Jun, 44.93

Sell-Signals:

Sell-Signals have definitely dominated the scene since 11Mar and we suspect they'll continute to win out over buy-signals indefitely going forward?

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)

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
42.24 -5.00% S2
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