Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Monday, June 13, 2016

https://caldaro.wordpress.com/

Friday Update

Posted on June 10, 2016

LONG TERM: Neutral

MEDIUM TERM: Uptrend

SHORT TERM: market gaps down at open heads lower, DOW -120

The market gapped down at the open today
for the first time
since last Tuesday’s pullback to SPX 2085.

In the opening half hour
the market dropped below SPX 2100,
stayed in a 7 point range for three hours,
then broke lower into the 2085 pivot range.

After hitting SPX 2090 the market bounced into the close.

For those counting this decline
we have three waves down: 2108-2118-2090.

Short term support
remains at the 2085 and 2070 pivots,
with resistance now at SPX 2121 and the 2131 pivot.

Short term momentum
was quite oversold at the low.

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