Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Tuesday, July 19, 2016

https://caldaro.wordpress.com/

Monday Update

Posted on July 18, 2016

LONG TERM: uptrend

MEDIUM TERM: uptrend

SHORT TERM: market drifts higher to start week, DOW +17

The market opened higher today,
dipped,
then drifted up for the rest of the day.

Not much activity for the past two trading days
as the market appears to be consolidating recent gains.

We continue with the same short term count:
i – ii,
and
1-2
with 3 underway.

Pullbacks have been small
(10-13 pts.)
since the wave 2 low at SPX 2089.

With the ECB and earnings on deck this week
doubt this market will stay quiet for long.

Short term support
is at the 2131 and 2085 pivots,
with resistance at the 2177 and 2212 pivots.

Short term momentum
ended the day just below overbought.

Best to your trading!

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