Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Monday, March 27, 2017


https://caldaro.wordpress.com/

Friday / Saturday Update

Posted on March 24-25, 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: higher open then another choppy day, DOW -60

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The market opened higher today,
rallied,
and then sold off to Wednesday’s 2336 low.

After the healthcare bill vote was cancelled
the market reversed
and ended the week at SPX 2344.

The market has appeared to have been held hostage
by this healthcare bill
the past few trading days.

No change in thee short term count.

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Our short term count suggests
the SPX is currently in a Nano iv pullback,
of Micro 3,
of Minute iii.

Our short term count for the DOW suggests
the market is currently in a Micro 4 pullback
of Minute iii.

Considering the length and depth of the pullback
we tend to prefer the DOW count.

When this pullback concludes,
if it hasn’t already,
we expect a rally to new highs
to complete Minute wave iii.

Then after another pullback for Minute iv,
a Minute v rally
to complete the entire uptrend.

Not much wiggle room on the downside left.

If this uptrend is going to resume,
as expected,
it will have to occur next week.



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