Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Thursday, August 4, 2016

https://caldaro.wordpress.com/

Wednesday Update

Posted on August 3, 2016

LONG TERM: Uptrend

MEDIUM TERM: Uptrend

SHORT TERM: consolidation day, DOW +41


The market opened lower today,
dipped down to SPX 2153,
then rebounded and remained positive
for the rest of the day.

Looks like consolidation after yesterday’s decline.

With the market now deviating
from the 2-day Int. ii wave pattern,
today is the second day
and it does not look like it is over yet,
it could stretch out into Friday’s payrolls report.

Still see support in the 2131 pivot range,
and expecting a positive divergence at the lower lows.

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

Short term momentum
spent the entire day around neutral
then hit overbought at the close.

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