Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Friday, September 30, 2016

https://caldaro.wordpress.com/

Thursday Update

Posted on September 29, 2016


LONG TERM: Uptrend

A New Bull Market - Primary III Underway

We are currently expecting SPX 3,000+
in the next 2 to 4 years


MEDIUM TERM potential uptrend looks corrective

SHORT TERM: higher early then decline, DOW -196


The market opened slightly lower today,
then hit SPX 2173.

After a pullback the market started to rally,
and then the DB news broke.

The stock sold off and the market sold off with it.

For the first time,
since the SPX 2120 low and seven rallies,
the SPX fully retraced one: 2152-2173-2145.

Now it is quite clear,
the entire advance off the SPX 2120 low is corrective.

This suggests SPX 2120 was an A,
and SPX 2180 was a B,
with a C wave underway now.

Would have taken this viewpoint earlier
if it wasn’t for the ongoing uptrend
in the NDX/NAZ indices.

Cyclicals fighting the Tech advance.

Short term support
is now at the 2131 and 2116 pivots,
with resistance at the 2177 pivot and SPX 2194.

Short term momentum
was quite oversold at today’s lows
then bounced.

Trade what’s in front of you!

S&P 500 - Futures Charts (Hourly)



S&P 500 - Futures Charts (Daily)










































































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

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

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