Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Monday, March 20, 2017


https://caldaro.wordpress.com/

Friday / Saturday Update

Posted on March 17, 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: indecisive options expiration, DOW -20

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The market opened a few points higher today,
pulled back,
then made a higher high at SPX 2386
just past 2pm.

After that it pulled back into the close,
ending a trendless option expiration
Thursday/Friday.

Short term,
not much has happened
since Wednesday’s SPX 2390 high
and the small pullback over the past two days.

Still waiting for this rally to make new highs
in the SPX/DOW,
which has already occurred in the NDX/NAZ.

The count we have been tracking
is that Nano wave v of Micro 3 is underway.

When it makes new highs and concludes,
Micro wave 3 would have ended.

Then after a Micro wave 4 pullback,
a Micro 5 rally should complete Minute wave iii.

If you are still following,
a Minute iv pullback
will then lead to a Minute v rally
and the end of the Minor wave 3 uptrend.

Then the market should enter a downtrend
and decline at least 5%, maybe more.

Short term support
remains at SPX 2353/55/58 and the 2336 pivot,
with resistance at the 2385 pivot and SPX 2401.

Short term momentum
ended the week below neutral
and heading to oversold.

Best to your trading next week!

Trade what is 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