Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Monday, August 22, 2016

https://caldaro.wordpress.com/

Friday Update

Posted on August 19, 2016

LONG TERM: Uptrend

MEDIUM TERM: Uptrend may have topped !

SHORT TERM: lower open choppy day, DOW -45

The market opened lower today,
hit SPX 2175,
then rebounded for the rest of the day.

After the new high on Monday at SPX 2194
the market has been choppy all week.

With negative divergences on the daily RSI/MACD,
and the weekly RSI quite overbought,
it still looks like that was the uptrend high
from SPX 1992 low in June.

More on this in the weekend update.

Best to your weekend!

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 may have topped !

* Primary Waves I and II - completed in 2011

* Primary Waves III and IV - completed in 2015

* Primary Wave V - in 2016


















* Note - The October 2015 Bottom, resembles 1998 and 2011 Bottoms





































LONG TERM: uptrend

MEDIUM TERM: Uptrend may have topped !

* Primary Waves I and II - completed in 2011

* Primary Waves III and IV - completed in 2015

* Primary Wave V - in 2016








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