Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Wednesday, July 27, 2016

https://caldaro.wordpress.com/

Tuesday Update

Posted on July 26, 2016

LONG TERM: uptrend

MEDIUM TERM: uptrend

SHORT TERM: higher open then pullback, DOW -19


The market opened slightly higher today,
rallied to within two points of the all time high,
then pulled back to Thursday’s SPX 2160 low.

A complex Minor wave 4 flat,
following Wednesday’s Minor 3 SPX 2176 high ?

At the low
the market set up a positive short term divergence,
rallied to SPX 2169 and ended the day.

The market is having a hard time finding a catalyst
to break through the 2177 pivot.

In fact,
for the past nine trading days
the market has traded within a 20 point,
(1%), range.

Certainly enough time to work off the overbought condition
after a 100 point rally.

FOMC tomorrow,
Q2 GDP and BOJ on Friday,
might be enough to get this uptrend moving again.

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

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