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Re: trader53 post# 110861

Friday, 03/17/2017 4:14:40 AM

Friday, March 17, 2017 4:14:40 AM

Post# of 244609
S&P 500 - for Friday, March 17, 2017


https://caldaro.wordpress.com/

Thursday Update

Posted on March 16, 2017

____________________________________________________________


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 Uptrend

SHORT TERM: higher open then pullback, DOW -16

____________________________________________________________


The market opened a bit higher today,
hit SPX 2388,
pulled back to 2378 by late morning,
rebounded some,
and then pulled back to 2377 at 3pm,
before ending the day at 2381.

At today’s low
the market had pulled back 13 points
from yesterday’s high.

A meaningful for day traders,
but not so much for this wave counter.

With most of the economic news for the week
now out of the way.


The last determining factor for this week,
is whether or not option expiration’s impact
occurred today,
or will occur tomorrow.

With today’s pullback,
after yesterday’s rally,
it could have already occurred.

Short term support
is at SPX 2353/55/58 and the 2336 pivot,
with resistance at the 2385 pivot and SPX 2401.

Short term momentum
declined to neutral during today’s pullback.

Trade what is in front of you!










S&P 500 - Futures Charts (Hourly)



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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

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