Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Friday, June 24, 2016

https://caldaro.wordpress.com/

Thursday Update

Posted on June 23, 2016

LONG TERM: Neutral

MEDIUM TERM: Uptrend

SHORT TERM: gap up opening as Europe rallies, DOW +230

The market gapped up at the open today
for the second time this week.

Unlike Monday’s gap up,
this rally moved higher
rather than being sold off soon after the open.

With today’s rally,
and SPX 2080 not getting breached
during this week’s pullbacks,
we now have five waves up
from last week’s SPX 2050 low: 2080-2063-2101-2085-2113.

Pullback next,
regardless of the outcome of the UK vote ?

Possible,
since most are positioned for a ‘remain’ outcome:
FTSE up 5+% already this week.

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 quite overbought.

Best to your trading the results of the UK vote!

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
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