Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Monday December 14, 2015

https://caldaro.wordpress.com/

weekend update

Posted on December 12, 2015

With the likelihood of a rate increase on Wednesday,
our leading indicator is suggesting one
for the first time since 2006,
and options expiration Friday,
it should be quite a wild week.

After the Primary IV downtrend low in August
we labeled the five waves up
of the new uptrend with Major waves.

This was in anticipation
that this first uptrend could end the bull market.

The five waves progressed as expected,
until the fifth wave failed to make a higher high
in both the SPX/DOW.

With the NDX/NAZ making higher highs,
and the SPX/DOW not,
we counted this pattern as a fifth wave failure.

.

LONG TERM: bull market

Bad news is good news
has been the theme of this bull market.

When the economy was in the Great Recession
the FED started QE 1 and the bull market began.

When the economy was still weak in 2010
the FED started QE 2.

Now it looks like
the long awaited first rate increase since 2006
is heading our way.


The bad news of the current correction
will lead to the good news of an extending bull market
into at least next year.

Primary V now has to divide
into five Major waves/trends
before the bull market ends.
The bad news is good news, the bull market continues.

http://www.stockscores.com/quickreport.asp?ticker=%24SPX&x=0&y=0