Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Thursday, March 16, 2017


https://caldaro.wordpress.com/

Wednesday Update

Posted on March 15, 2017

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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: higher open FED raises 25 bps, DOW +113

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The market opened higher today,
rallied right up to SPX 2377,
then pulled back 3 points
just before the FOMC rate announcement.

After that,
the market cleared SPX 2377
suggesting Nano wave v
is now underway to new highs.

It is interesting how the market paused
right at that number.

With the 1st and 3rd waves now behind us
in this uptrend,
and 5th waves in recent years relatively weak,
all that is required for Nano v
is to make a new high above SPX 2401.

The OEW 2411 pivot range comes to mind.

After that the OEW 2428 pivot range.

With lots more economic reports ahead,
and options expiration,
there could be a wild finish to the week.

Short term support
is at SPX 2353/55 and the 2336 pivot,
with resistance at the 2385 pivot and SPX 2401.

Short term momentum
ended the day quite overbought.

Trade what is in front of you!

S&P 500 - Futures Charts (Hourly)



S&P 500 - Futures Charts (Daily)










































































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