Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Wednesday, October 5, 2016

https://caldaro.wordpress.com/

Tuesday Update

Posted on October 4, 2016


LONG TERM: Uptrend

A New Bull Market - Primary III Underway

We are currently expecting SPX 3,000+
in the next 2 to 4 years


MEDIUM TERM choppy downtrend activity continues

SHORT TERM: pullback continues, DOW -85


The market opened higher today
but immediately reversed and headed lower
despite the rallies in Asia and Europe.

During the afternoon
the SPX dropped down into the 2142/2145 zone,
held support,
was quite oversold,
and started another rally.

Too choppy
to tell if this rally can reach SPX 2175/2180 again,
or just fade and head even lower.

The market has remained choppy,
with an upside bias,
for about three weeks now.

Short term support
is at SPX 2142 and the 2131 pivot,
with resistance at the 2177 pivot and SPX 2194.

Short term momentum
ended the day below neutral.

Trade what’s in front of you!

S&P 500 - Futures Charts (Hourly)



S&P 500 - Futures Charts (Daily)










































































Since 1929 there have been 13 bull markets
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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