Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Monday January 11, 2016

https://caldaro.wordpress.com/

Friday Update

Posted on January 8, 2016

SHORT TERM: gap up opening faded, DOW -168

The market gapped up to start the day,
hit its high a few minutes thereafter,
then headed down for the rest of the day.

This occurred despite a terrific monthly payrolls report.

Guess all news is bad news now.

By the end of the day
the market had lost about 6% for the week.

One of the largest weekly declines
of the entire bull market.

Will review the charts
and try to sort out what this week implies.

But it appears for now
the bears are in control and the bulls are on the sidelines.

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
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