Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Tuesday, February 16, 2016

https://caldaro.wordpress.com/

Friday Update

Posted on February 12, 2016

LONG TERM: Bear market

MEDIUM TERM: downtrend may have bottomed

SHORT TERM: gap up and go, DOW +314

The market gapped up at the open today,
pulled back,
and then continued higher throughout the day.

The rally in Crude
and the rebound in the financial sector
led the way.

While several smaller waves can be counted
from yesterday’s SPX 1810 low,
we are simply counting this rally
as three waves thus far: 1836-1822-1865.

With China’s market opening
for the first time in a week on Monday,
and the US markets closed until Tuesday,
it should be an interesting weekend.

Enjoy it!

* Note - The October 2015 Bottom, resembles 1998 and 2011 Bottoms


LONG TERM: Bear market

MEDIUM TERM: downtrend may have bottomed

* Primary Waves I and II - completed in 2011

* Primary Waves III and IV - completed in 2015

* Primary Wave V - Failed


















* Note - The October 2015 Bottom, resembles 1998 and 2011 Bottoms





































LONG TERM: Bear market

MEDIUM TERM: downtrend may have bottomed

* Primary Waves I and II - completed in 2011

* Primary Waves III and IV - completed in 2015

* Primary Wave V - Failed








Since 1929 there have been 13 bull markets
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http://stockcharts.com/h-sc/ui?s=%24SPX&p=W&yr=1&mn=1&dy=0&id=p83822707561

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=1&mn=1&dy=0&id=p43140782454