Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Friday, February 24, 2017


https://caldaro.wordpress.com/

Thursday Update

Posted on February 23, 2017

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LONG TERM: Uptrend

A New Bull Market - Primary III Underway

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

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MEDIUM TERM Uptrend

SHORT TERM: another day another pullback, DOW +35

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The market opened higher today,
hitting a new high,
then pulled back 13-points.

This is the third time this week
the market has made a new high by one-point,
and followed that with a pullback
of at least 8-points:
2366-2358, 2367-2358, 2368-2355.

The previous all-time high heading into this week
was SPX 2351.

Today’s pullback
appeared to be driven by profit taking
in the Tech sector.

Something to keep an eye on
as we close out the week tomorrow.

No change in the counts posted,
despite lots of churning at current levels.

Short term support
slips to SPX 2355 and the 2336 pivot,
with resistance at SPX 2368 and the 2385 pivot.

Short term momentum
declined below neutral on today’s pullback,
but did not hit oversold.

Best to your Friday trading!

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