Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Tuesday, June 28, 2016

https://caldaro.wordpress.com/

Monday Update

Posted on June 27, 2016

LONG TERM: Neutral

MEDIUM TERM: Downtrend

SHORT TERM: another gap down opening, DOW -261


The market gapped down at the open,
immediately lost the 2019 pivot,
and headed lower.

At today’s low
the SPX had dropped nearly 6% in just two days.

Considering Germany and France
have dropped over 10% in two days
it is not too surprising.

Since this market is moving quite fast
we are tracking several small swings
from the recent SPX 2113 high:
2055-2073-2033-2049-1992-2006-1992-xxxx.

It does not look like five waves yet,
but the third wave in this series
does look subdivided: 2033-2049-1992-2006-1992.

Short term support
is at the 1973 and 1956 pivots,
with resistance at the 2019 and 2043 pivots.

Short term momentum
hit extremely oversold at the lows,
then put in a positive divergence on the retest.

Trade what is in front of you!

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

* 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

* 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