Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Monday, May 23, 2016

https://caldaro.wordpress.com/

Friday Update

Posted on May 20, 2016

LONG TERM: Bear Market

MEDIUM TERM: downtrend

SHORT TERM: gap up opening Friday, DOW +66

The market gapped up at the open today,
traded as high as SPX 2058,
and then pulled back.

The market did clear the 2043 pivot range today
and it looks like it is headed,
over the next few days,
to the 2070 pivot range next.

This was noted yesterday after the SPX 2026 low,
that formed a positive divergence.

Today we updated the charts
to clear the i/a and ii/b counts.

More on this in the weekend update.

Best to your weekend!

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

MEDIUM TERM: downtrend

* 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

MEDIUM TERM: downtrend

* 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