Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Friday, August 5, 2016

https://caldaro.wordpress.com/

Thursday Update

Posted on August 4, 2016

LONG TERM: Uptrend

MEDIUM TERM: Uptrend

SHORT TERM: choppy session, DOW -3


The market opened slightly higher today,
pulled back to SPX 2159,
rallied to 2168,
and then stayed in that range for the rest of the day.

Thus far Tuesday’s SPX 2148 low has held,
as the market has worked its way 20 points higher.

If Friday’s NFP report fails to resume the pullback,
and the NDX is already within 0.5% of making a new high,
then it looks like SPX 2148 might have been it
for Intermediate wave iv.

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

Short term momentum
hit overbought today,
then dropped back to neutral.

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