Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Wednesday, August 10, 2016

https://caldaro.wordpress.com/

Tuesday Update

Posted on August 9, 2016

LONG TERM: Uptrend

MEDIUM TERM: Uptrend

SHORT TERM: new high then pullback, DOW +4


The market opened slightly higher today,
made a new high at SPX 2188,
then had its largest pullback since the 2148 low.

The pullback so far is only 9 points.

With the NYSE making a new uptrend high today
and not the DOW,
the same status posted yesterday still applies.

Uptrend will not likely end
until the DOW makes new highs.

Also, this pullback can be a Minor wave 2
if it continues into the 15-20 point range.

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

Short term momentum
declined after displaying a negative divergence
at the highs.

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