Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Thursday, April 28, 2016

https://caldaro.wordpress.com/

Wednesday Update

Posted on April 27, 2016

LONG TERM: Bear Market Rally

MEDIUM TERM: Uptrend

SHORT TERM: FED still on hold, DOW +51


The market opened lower,
following poor earnings reports in the tech sector again.

After a quick rebound,
the SPX then hit a low at 2082 by 10:30.

After that,
the market rallied for the rest of the day,
helped by a cut and paste FMOC statement,
to SPX 2100.

Despite today’s rally
the market still looks a bit choppy.

From the SPX 2111 high
we had three waves down: 2081-2093-2078,
and now three waves up: 2097-2082-2100.

Another rally underway from SPX 2078 ?
Or just more choppy activity ?

Short term support
is at the 2085 and 2070 pivots,
with resistance at SPX 2104 and SPX 2116.

Short term momentum
ended the day with a negative divergence.

Trade what is in front of you.

S&P 500 - Futures Charts (Hourly)



S&P 500 - Futures Charts (Daily)













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


LONG TERM: Bear Market Rally

MEDIUM TERM: Uptrend

* Primary Waves I and II - completed in 2011

* Primary Waves III and IV - completed in 2015

* Primary Wave V - Failed


















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





































LONG TERM: Bear Market Rally

MEDIUM TERM: Uptrend

* Primary Waves I and II - completed in 2011

* Primary Waves III and IV - completed in 2015

* Primary Wave V - Failed








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