Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Monday, October 31, 2016

https://caldaro.wordpress.com/

Friday Update

Posted on October 28, 2016

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LONG TERM: Uptrend

A New Bull Market - Primary III Underway

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

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MEDIUM TERM Downtrend

SHORT TERM: Recent Pullback Continues, DOW -8

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Quite a volatile day:
decline, rally, selloff, rally, then decline again.

At today’s low
the SPX came within 4 points of the recent 2115 low.

As we have been noting this week,
with all the choppy activity,
this downtrend does not appear to be done yet.

Two potential patterns are emerging
for this Minor Wave 2 Correction.

Should know more by next week.

Short term support
is now at the 2116 pivot, and SPX 2100,
with resistance at the 2131 pivot and the mid-SPX 2140’s.

Short term momentum
created a positive divergence early,
rallied, dropped,
then created another positive divergence at the low.

Best to your weekend!

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