Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Monday, December 12, 2016


https://caldaro.wordpress.com/

Friday Update

Posted on December 9, 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 Uptrend

SHORT TERM: higher open and new highs, DOW +142

____________________________________________________________


The market opened higher today,
bounced around a bit,
then eked out new all time highs
before rallying in the afternoon.

The market appeared to lose a bit of upside momentum
as Europe’s indices were less strong
than they had been all week.

Nevertheless,
a higher high keeps the move
toward the OEW 2270 pivot on track.

There is, however,
a distinct short term negative divergence
on the hourly chart.

But no pullbacks yet
to suggest it might be taking effect.

Spending some time on the Saeculum
and the 4th turning –
1st turning controversy in the weekend update.

As usual this is only my view
based on the probabilities as I see them.

Others will of course have other views
and that is what makes markets.

Best to your weekend!

S&P 500 - Futures Charts (Hourly)



S&P 500 - Futures Charts (Daily)










































































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