Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Thursday, June 23, 2016

https://caldaro.wordpress.com/

Wednesday Update

Posted on June 22, 2016

LONG TERM: Neutral

MEDIUM TERM: Uptrend

SHORT TERM: higher open then choppy session, DOW -49

The market opened higher today,
rallied up to SPX 2100,
and just like Monday pulled back for the rest of the day.

The SPX has remained in about a 1% trading range,
despite opening higher all three days this week.

UK, EU vote tomorrow.

We continue to count three waves up
from last week’s SPX 2050 low: 2080-2063-2101.

Today’s decline could have been the fourth wave,
unless it drops below SPX 2080.

Market remains within the important SPX 2026-2121 range,
and this week’s upper range ahead of the vote.

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

Short term momentum
ended the day oversold.

Best to your Brexit 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 under

* 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
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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