Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Friday, October 21, 2016

https://caldaro.wordpress.com/

Thursday Update

Posted on October 120, 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 downtrend may have bottomed

SHORT TERM: choppy Thursday Op-ex, DOW -40


The market opened lower today,
on this volatile Thursday options-expiration.

Traded down to SPX 2137,
rallied to 2147,
down to 2133,
rallied to 2146,
then ended at 2141.

Down 3 points on the day.

With today’s pullback
we now observe five waves
from the SPX 2115 low: 2149-2124-2148-2133-2146.

If an uptrend is underway
now is the time for it to start rising in earnest.

Short term support
remains at the 2131 and 2116 pivots,
with resistance in the mid-2140’s and lower-2150’s.

Short term momentum
declined from yesterday’s negative divergence to oversold,
then bounced to neutral.

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