Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Tuesday, August 9, 2016

https://caldaro.wordpress.com/

Monday Update

Posted on August 8, 2016

LONG TERM: Uptrend

MEDIUM TERM: Uptrend

SHORT TERM: consolidation day, DOW -14


The market opened slightly higher today,
posted a new high at SPX 2185,
then pulled back for the rest of the day.

At the high there was a slight negative divergence,
and momentum has dropped to neutral.

Thus far the pullback is only seven points.

Should it continue lower,
15-20 points has been the level of a Minor wave.

It is unlikely the uptrend ended at today’s high
since neither the DOW nor the NYSE
have made a new uptrend high with the recent rally.

Short term support
is at the 2177 and 2131 pivots,
with resistance at the 2212 and 2252 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