Triple 000 and Sub-penny Chart Plays

[trader53]

SPX - Huge Buying Opportunity beginning October !

* The October Cycle Low is Coming !

* 1998 and 2011
* Note the Cycle Bottoms in October

* Major Bottoms forms in October !





weekend update

Posted on October 3, 2015

https://caldaro.wordpress.com/

SHORT TERM

If we count Primary IV ending in August at SPX 1867,
we have the beginning of Primary V posted on the
hourly chart below.

Off the recent SPX 1872 low we now have
a similar type of irregular pattern as
Major waves 1 and 2.

We have a rally to SPX 1917 for the first wave,
then an irregular second wave: 1897-1927-1894.

Another odd pattern, or just more choppy market activity.

The rally off Friday’s SPX 1894 low
was quite impressive
as the market hit 1951 at the close.
Best rally in a couple of weeks.

However, we would have preferred seeing
a clear five waves up
before any sizeable correction.

Not this choppy activity.



Under the extending Primary IV scenario
we can see the current rally ending
at either the 1956 or 1973 pivot ranges.

Then another sizeable pullback.

Should the market clear the 2019 pivot
without any sizeable pullbacks,
then Primary V is probably underway.

Short term support is at the 1929 and 1901 pivots
with resistance at the 1956 and 1973 pivots.

Short term momentum ended the week quite overbought.


























http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=2&dy=10&id=p81441093128

http://stockcharts.com/h-sc/ui?s=%24SPX&p=W&yr=5&mn=0&dy=0&id=p38487309944






weekend update

Posted on September 19, 2015
https://caldaro.wordpress.com/2015/09/19/weekend-update-518/

LONG TERM: bull market

The five primary wave Cycle wave [1] bull market
continues to unfold.

Primary waves I and II completed in 2011,
and Primary waves III and IV
should be completing in 2015.

While Primary I was a simple 9 wave structure
that topped at SPX 1371.

Primary III was a somewhat difficult, at times,
21 wave structure that topped at SPX 2135.

Primary II was a five wave elongated flat
that lasted five months.

Primary IV should be a less complicated
three wave zigzag that should conclude this month.

When it does conclude,
probably with a retest of the OEW 1869 pivot range,
Primary V should carry the market to all time new highs.

Over the past 30 years,
fifth waves have lasted anywhere from two to six months.

Unless the fifth wave subdivided into five waves of its own.

This occurred once, out of six opportunities,
and the fifth wave lasted 9 months.

Price targets for Primary V,
should SPX 1867 be the low,
are posted on the weekly chart above.

Overall it looks like this extended bull market
should end either late this year
or in Q1/Q2 of 2016.

When it does conclude
we would then expect the market
to lose about half of its value,
over the next one to two years,
to complete Cycle wave [2].

Based upon these projections,
it appears time to monitor and adjust one’s portfolio.

MEDIUM TERM: downtrend

In the modern world of computerized trading
it is not too surprising that Primary IV
has been a near perfect analog of Primary II.

In May 2011 Primary I topped,
and in May 2015 Primary III topped.

These Primary wave tops
were both followed by a six week downtrend
of about 100 points.

Then there was a two to three week uptrend
of about 95 points,
ending at slightly lower highs,
while the NDX made a new high.

After that, a big selloff
lasting six weeks
for an average decline of 260 points.

This represents the current SPX 1867 low.

This was followed by a three week rally
of about 140 points,
i.e. Thursday’s SPX 2021 high.

This brings us up to the present.

Since 1929 there have been 13 bull markets
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