Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Monday, August 29, 2016

https://caldaro.wordpress.com/

Friday Update

Posted on August 26, 2016

LONG TERM: Uptrend

MEDIUM TERM: downtrend may be underway !

SHORT TERM: the FED gives the market a pulse, DOW -53

The FED speaks and the market comes alive.

After a gap up opening and rally to SPX 2188,
(post JH speech),
the market broke through the 2169-2194 trading range
to the downside.

After three weeks of a 25 point trading range,
the market ranged 28 points in just one day.

Now maybe we can get back to the business
of a trending market.

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: downtrend may be underway !

* 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: downtrend may be underway !

* 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