Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Tuesday, July 26, 2016

https://caldaro.wordpress.com/

Monday Update

Posted on July 25, 2016

LONG TERM: uptrend

MEDIUM TERM: uptrend

SHORT TERM: pullback resumes, DOW -78


The market opened lower to start the week.

After coming within one point
of matching the all time high at SPX 2176 on Friday,
the market declined today
to within two points of Thursday’s SPX 2160 low.

The choppy activity that started last Thursday,
2160-2175-2162,
still looks like a Minor wave pullback
within Int. wave three.

Unless the market breaks much lower
it looks like that is the best possibility at this time.

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

Short term momentum
hit oversold
and rebounded to neutral during the day.

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
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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