Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Wednesday, July 20, 2016

https://caldaro.wordpress.com/

Tuesday Update

Posted on July 19, 2016

LONG TERM: uptrend

MEDIUM TERM: uptrend

SHORT TERM: consolidation continues, DOW +26

The market opened lower today,
bounced,
and then remained in the same 13 point trading range
it has been in,
for the past four trading days.

In fact,
during the past five trading days
the market has had four short term negative divergences
and the most the market has pulled back is 13 points.

Clearly there is a reluctance to sell into any declines.

There is the possibility
that the activity since the SPX 2169 high on Friday
is all, or most,
of a weak Minor 4th wave.

We did see five waves up from SPX 2089-2169,
then nothing but sideways choppy activity since then.

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

Short term momentum
declined from yesterday’s slight negative divergence,
ending with a slight positive divergence today.

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