Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Thursday, July 21, 2016

https://caldaro.wordpress.com/

Wednesday Update

Posted on July 20, 2016

LONG TERM: uptrend

MEDIUM TERM: uptrend

SHORT TERM: consolidation over, DOW +36


The market started the day
one point above the all time high of SPX 2169,
dipped a few points,
then rallied right into the 2177 pivot.

After the open
we updated the hourly chart to display,
as noted yesterday.

Minor waves 3 and 4
had completed at SPX 2169 and 2156 respectively.

Minor wave 5 of Int. three
should now be underway.

Our minimum target of the 2177 pivot
for Int. three
has already been reached.

Our preferred target is the 2212 pivot.

When Int. three concludes,
an Int. four pullback
should be similar to the Int. two pullback of 35 points.

After that,
Int. five should push the SPX
to the 2250+ area before this uptrend ends.

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

Short term momentum
is 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