Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Friday, July 29, 2016

https://caldaro.wordpress.com/

Thursday Update

Posted on July 28, 2016

LONG TERM: uptrend

MEDIUM TERM: uptrend

SHORT TERM: SHORT TERM: trading range continues, DOW -16


The market opened slightly lower today
then pulled back to remain in the 20 point range
for the eleventh trading day in a row.

Thus far the entire sequence
appears to look like a double three,
taking the form of a Minor wave 4 flat.

Apparently this market has been waiting
for some sort of catalyst to clear the range.

Maybe the BOJ or Q2 GDP will be it.

Short term support
is at the 2131 and 2085 pivots,
with resistance at the 2177 and 2212 pivots.

Short term momentum
has been bouncing between overbought and oversold all week
with no net progress.

Trade what’s in front of you!

S&P 500 - Futures Charts (Hourly)



S&P 500 - Futures Charts (Daily)













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


LONG TERM: uptrend

MEDIUM TERM: uptrend

* 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: uptrend

MEDIUM TERM: uptrend

* 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