Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Monday, July 25, 2016

https://caldaro.wordpress.com/

Friday Update

Posted on July 22, 2016

LONG TERM: uptrend

MEDIUM TERM: uptrend

SHORT TERM: higher open market rallies, DOW +54


The market opened higher today,
dipped, and then rallied
nearly back to the SPX 2176 uptrend high.

While Wednesday/Thursday’s decline
from SPX 2176 to 2160
looked like the beginning of Intermediate wave iv
in the SPX,
the DOW suggested
it was only Minor 4 of Int. iii.

Thus far it appears the DOW is correct.

The sixteen point decline
looks more like a Minor wave,
than an Int. wave
during this uptrend.

Should the SPX hit 2176 before dropping lower,
the count will be updated to a Minor 4 at SPX 2160
and Minor 5 underway.

Adding a third option to the long term count
in this weekend’s update.

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