Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Tuesday, July 5, 2016

https://caldaro.wordpress.com/

Friday Update

Posted on July 1, 2016

LONG TERM: Neutral

MEDIUM TERM: uptrend probably underway

SHORT TERM: market back to resistance at 2100+, DOW +19


The market opened slightly lower today,
then rallied to SPX 2109
within 4 points of retracing
the entire Brexit decline.

From Monday’s SPX 1992 low
we now have four waves up:
2027-2016-2109-2099-xxxx.

A rally back to SPX 2109
would make it a bullish advance,
a decline from here a corrective one.

More on the current short/medium term action,
and other things,
in the weekend update.

Best to your three day 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 probably 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: uptrend probably 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