Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Monday, July 18, 2016

https://caldaro.wordpress.com/

Friday Update

Posted on July 15, 2016

LONG TERM: uptrend

MEDIUM TERM: uptrend

SHORT TERM: higher open then consolidation, DOW +10


The market opened higher today,
hit yesterday’s SPX 2169 high
then had its biggest pullback of the week.

We can count an odd looking five waves up
from SPX 2089: 2156-2146-2169-2159-2169.

As you can see
the current pullback is larger than the two previous pullbacks, and this decline at SPX 2156
has already dropped below the 2159 low.

This suggests Minor 3 could have completed at SPX 2169,
and a possible 20+ point decline is underway for Minor 4. Thus far the decline is 13 points.

With short term momentum hitting oversold
after the negative divergence at SPX 2169,
the market could set up a positive divergence Minor 4
with a further decline.

Giving a complete summary of the last several years
in the weekend update.

Kind of a recap of
where we have been and where we are now.

Best to 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: uptrend

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: uptrend

MEDIUM TERM: uptrend

* 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