Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Monday, June 27, 2016

https://caldaro.wordpress.com/

Friday Update

Posted on June 24, 2016

LONG TERM: Neutral

MEDIUM TERM: Downtrend Underway

The market gapped down at the open today
following the global sell off in equities.

The turnaround from yesterday’s optimistic rally was quite dramatic.

Yesterday’s rally took the market within 8 points
of the uptrend high at SPX 2121.

Then today the SPX confirmed a downtrend.

This certainly looks like bear market activity.

Inflection point cleared,
but bifurcation still in play.

Tough market!

Enjoy 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: Downtrend Underway

* 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: Downtrend Underway

* 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