Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Thursday, May 26, 2016

https://caldaro.wordpress.com/

Wednesday Update

Posted on May 25, 2016

LONG TERM: Bear Market

MEDIUM TERM: downtrend

SHORT TERM: gap up opening again, DOW +145


The market gapped up for the second day in a row
for the first time since mid-April.

After opening around the 2085 pivot
the market then traded in, and above,
its upper band for the rest of the day.

This is a much stronger rally than what was expected
for an Int. B wave

At today’s high
short term momentum was extremely overbought
and set up another potential negative divergence.

The market now needs to drop below SPX 2069
to get some downside momentum going.

Short term support
is at the 2085 and 2070 pivots,
with resistance at SPX 2111 and the 2131 pivot.

Best to your trading!

S&P 500 - Futures Charts (Hourly)



S&P 500 - Futures Charts (Daily)













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


LONG TERM: Bear Market

MEDIUM TERM: downtrend

* 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

* 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
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=116564037






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

http://finviz.com/futures_charts.ashx?t=ES&p=h1

http://finviz.com/futures_charts.ashx?t=ES&p=d1