Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Thursday, June 9, 2016

https://caldaro.wordpress.com/

Wednesday Update

Posted on June 8, 2016

LONG TERM: Neutral

MEDIUM TERM: Uptrend

SHORT TERM: higher open, rally, then choppy, DOW +67


The market opened higher again today,
third day this week,
rallied to SPX 2120,
dipped to 2113,
then hit 2121 before pulling back into the close.

Still observe three significant waves
from the SPX 2026 downtrend low: 2103-2085-2121.

Also, there were no notable subdivisions
during the first rally (2026-2103),
and no notable subdivisions
during this one either (2085-2121).

A steady trending,
almost like cruise control, market.

Short term support
is at the 2085 and 2070 pivots,
with resistance at the 2131 pivot.

Short term momentum
is again setting up a negative divergence.

Best to your trading!

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