Triple 000 and Sub-penny Chart Plays

[trader53]

SPX - More downside pressure ahead

for Tuesday September 22, 2015


https://caldaro.wordpress.com/

Monday update

Posted on September 21, 2015 by tony caldaro

LONG TERM: bull market

MEDIUM TERM: downtrend

SHORT TERM: gap up opening, DOW +126

The market gapped up at the open today
following Friday’s short term positive divergence
at the close.

After what appears to be five waves down
from SPX 2021 to 1953: 1987-2000-1963-1979-1953.

The market looks to be rallying
in an a-b-c off that low: 1980-1956-xxxx.

If the rally continues into tomorrow
the ‘c’ wave should end between SPX 1980 and 2000.

If the market fails to reach the SPX 1980 level tomorrow,
then 1980 was the high and the next five down sequence
is already underway.

Either way expecting more downside pressure ahead.

SPX - USD - GOLD - Hourly Charts
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Since 1929 there have been 13 bull markets
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http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=2&dy=10&id=p81441093128