Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Monday, June 6, 2016

https://caldaro.wordpress.com/

Friday Update

Posted on June 3, 2016

LONG TERM: Neutral

MEDIUM TERM: Uptrend

SHORT TERM: lower open then reversal again, DOW -32


The market opened lower today
for the third day in a row.

It made the low for the day
in the first hour of trading,
and then rallied throughout the day
for the third day in a row.

The 2085 pivot has provided support all week
with resistance just above SPX 2100,
for a narrow 20 point range on the entire week.

We will cover what this implies
short, medium and long term 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: Neutral

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: Neutral

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