Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Monday December 21, 2015

https://caldaro.wordpress.com/

Friday Update

Posted on December 18, 2015

SHORT TERM: gap down opening, DOW -367

The market gapped down at the opening today,
continuing yesterday’s selloff.

After hitting SPX 2018 at 10:30,
it had a series of waves lower: 2028-2013-2024-2005.

We can now count seven waves down
from Wednesday’s SPX 2077 high.

More on this in the weekend update.

Short term support is at SPX 1993 and the 2070 pivot,
with resistance at the 2019 pivot and SPX 2042.

Short term momentum displays a slight positive divergence.

Best to your weekend!

* Note - The October 2015 Bottom, resembles 1998 and 2011 Bottoms



LONG TERM: bull market

MEDIUM TERM: Uptrend



* Primary Waves I and II - completed in 2011

* Primary Waves III and IV - completed in 2015


* Primary Wave V should carry the market
to All time New Highs.















* Note - The October 2015 Bottom, resembles 1998 and 2011 Bottoms





































LONG TERM: bull market

MEDIUM TERM: Uptrend

* Primary Waves I and II - completed in 2011

* Primary Waves III and IV - completed in 2015

* Primary Wave V should carry the market
to All time New Highs.








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