Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Friday, November 11, 2016

Veterans Day - Stock Markets are Open - Bond Market Closed

https://caldaro.wordpress.com/

Thursday Update

Posted on November 10, 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 Uptrend

SHORT TERM: Gap Up - then choppy day, DOW +218

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The market gapped up at the open today
and rallied to SPX 2182.

It then dropped to SPX 2151
by the first hour of trading.

After that
it remained in that wide range
for the rest of the day.

At today’s high,
as noted yesterday,
we could count five small waves up
from SPX 2084-2182.

The large pullback that followed
suggests this count could be correct.

The market has rallied 98 points in just four days.

Also,
while the tech sector was hit with selling today
the SPX/DOW are both in confirmed uptrends.

Short term support
is at the 2131 and 2116 pivots,
with resistance at the 2177 pivot and SPX 2194.

Short term momentum
ended the day just above neutral.

Best to your trading!

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