Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Friday, July 22, 2016

https://caldaro.wordpress.com/

Thursday Update

Posted on July 21, 2016

LONG TERM: uptrend

MEDIUM TERM: uptrend

SHORT TERM: lower open then pullback, DOW -78


The market opened slightly lower today,
then bounced to within one point of the high.

It then started a steady retreat
as the market pulled back,
with only 4 point bounces along the way,
to SPX 2160.

This is the largest pullback
since the 35 point Int. wave ii.

Suggesting Int. wave iv is probably underway,
as noted on the hourly chart.

Int. ii set up a positive divergence at its low,
possibly Int. iv will do the same.

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

Short term momentum
declined to quite oversold before bouncing late.

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