Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Thursday, July 28, 2016

https://caldaro.wordpress.com/

Wednesday Update

Posted on July 27, 2016

LONG TERM: uptrend

MEDIUM TERM: uptrend

SHORT TERM: typical bi-polar FOMC day, DOW -2


US index futures were higher overnight
aided by the rally in AAPL

This apparently carried over into overseas markets,
along with talk of another BOJ QE program.

The SPX opened higher and then immediately sold off.

Meanwhile all the foreign markets closed higher.

After drifting down until the FOMC statement
the SPX hit last Tuesday’s low at 2159,
and then started to rally.

Today marks the tenth day
the SPX has remained in a 20 point,
(1%), trading range.

The 2177 pivot has been tough one to crack.

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

Short term momentum
vacillated above and below neutral the entire 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
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