S&P 500 - for Friday, May 5, 2017 https://caldaro.wordpress.com/ Thursday Update Posted on May 4, 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 another choppy day, DOW -6 ____________________________________________________________ The market opened higher today, after looking like it was going to breakout before the open, then pulled back and stayed within the OEW 2385 pivot range for the 6th consecutive day. No change today in the wave counts on either the small or larger short term timeframes. Still 7 waves up on the shorter and 3 waves up on the longer, with obviously a recent wave down from SPX 2398 to 2380. With a positive divergence setup on the hourly chart there’s a good opportunity to break out of the trading range. Short term support remains at the 2385 pivot and SPX 2369, with resistance at SPX 2401 and the 2411 pivot. Best to your trading! Trade what’s in front of you! https://stockcharts.com/c-sc/sc?s=%24SPX&p=60&b=1&g=0&id=p92268866708&a=67036679&r=483 https://stockcharts.com/c-sc/sc?s=%24SPX&p=D&yr=1&mn=3&dy=0&i=p09678522003&r=1446542025168 S&P 500 - Futures Charts (Hourly) http://finviz.com/fut_chart.ashx?t=ES&cot=138741,13874A&p=h1&rev=635709018989210743 S&P 500 - Futures Charts (Daily) http://finviz.com/fut_chart.ashx?t=ES&cot=138741,13874A&p=d1&rev=635706094042193689 http://stockcharts.com/c-sc/sc?s=%24SPX&p=60&b=1&g=0&id=p92268866708&a=67036679&r=483 http://stockcharts.com/c-sc/sc?s=%24SPX&p=D&b=3&g=0&id=p52398868039&a=67199587&r=383 http://stockcharts.com/c-sc/sc?s=%24SPX&p=D&yr=1&mn=3&dy=0&i=p09678522003&r=1446542025168 http://stockcharts.com/c-sc/sc?s=%24SPX&p=W&yr=1&mn=3&dy=0&i=p37597622083&r=1446542134168 http://stockcharts.com/c-sc/sc?s=%24SPX&p=M&st=1980-01-01&en=today&id=p83353239257&a=128596702&r=538 http://stockcharts.com/c-sc/sc?s=%24SPX&p=M&yr=20&mn=0&dy=3&id=p64474151622&a=224249946&r=597 http://stockcharts.com/c-sc/sc?s=%24SPX&p=60&b=1&g=0&id=p92268866708&a=67036679&r=483 http://stockcharts.com/c-sc/sc?s=%24SPX&p=D&b=3&g=0&id=p52398868039&a=67199587&r=383 http://stockcharts.com/c-sc/sc?s=%24SPX&p=W&st=2009-01-01&en=today&id=p16878970123&a=67200081&r=258 http://stockcharts.com/c-sc/sc?s=%24SPX&p=W&st=2002-10-01&en=(today)&id=p59154566248&a=67200081&r=185 http://stockcharts.com/c-sc/sc?s=%24SPX&p=M&st=1980-01-01&en=today&id=p83353239257&a=128596702&r=538 http://stockcharts.com/c-sc/sc?s=%24SPX&p=M&yr=20&mn=0&dy=3&id=p64474151622&a=224249946&r=597 http://stockcharts.com/c-sc/sc?s=%24SPX&p=60&b=1&g=0&id=p92268866708&a=67036679&r=483 http://stockcharts.com/c-sc/sc?s=%24SPX&p=D&yr=0&mn=4&dy=0&i=p36042438215&r=1444465957012 http://stockcharts.com/c-sc/sc?s=%24SPX&p=D&b=3&g=0&id=p52398868039&a=67199587&r=383 http://stockcharts.com/c-sc/sc?s=%24SPX&p=W&st=2009-01-01&en=today&id=p16878970123&a=67200081&r=258 http://stockcharts.com/c-sc/sc?s=%24SPX&p=W&yr=5&mn=0&dy=0&i=p77937833857&r=1446541369256 http://stockcharts.com/c-sc/sc?s=%24SPX&p=D&b=3&g=0&id=p52398868039&a=67199587&r=383 http://stockcharts.com/c-sc/sc?s=%24SPX&p=D&yr=1&mn=3&dy=0&i=p09678522003&r=1446542025168 http://stockcharts.com/c-sc/sc?s=%24SPX&p=D&b=3&g=0&id=p52398868039&a=67199587&r=383 http://stockcharts.com/c-sc/sc?s=%24SPX&p=W&yr=1&mn=3&dy=0&i=p37597622083&r=1446542134168 http://stockcharts.com/c-sc/sc?s=%24SPX&p=M&st=1980-01-01&en=today&id=p83353239257&a=128596702&r=538 http://stockcharts.com/c-sc/sc?s=%24SPX&p=W&st=2009-01-01&en=today&id=p16878970123&a=67200081&r=258 http://stockcharts.com/c-sc/sc?s=%24SPX&p=W&st=2002-10-01&en=(today)&id=p59154566248&a=67200081&r=185 Since 1929 there have been 13 bull markets http://investorshub.advfn.com/boards/read_msg.aspx?message_id=116564037 LONG TERM: uptrend This week let’s look at the big picture. The very big picture. While published data on the US stock market only began in the year 1885, we have been able to piece together, using secular Saeculum cycles and economic cycles, how the US market would have looked from the early 1700’s. As an emerging growth economy the US would have not looked anything like the European markets that do have stock market data going back that far. That data was not considered. From around the year 1700 to 1929 the US experienced a 200+ year grand super cycle bull market GSC 1 The 1929-1932 crash, when the stock market lost nearly 90% of its value, ended GSC 2 While short in time the crash made up for it in price damage. A GSC 3 bull market began at that 1932 low. Within GSC 1 there were five super cycles, approximately: SC1 1700-1770 SC2 1770-1776 SC3 1776-1850 SC4 1850-1857 SC5 1857-1929 Within the current GSC 3 there have been two completed super cycles, with the third underway: SC1 1932-2007 SC2 2007-2009 SC3 2009-xxxx Since super cycle bull markets last 70+ years, this SC3 is not likely to top until around the year 2080 . Within each super cycle bull market there are five Cycle waves. SC1 of GSC 3 divided as follows: C1 1932-1937 C2 1937-1942 C3 1942-1973 C4 1973-1974 C5 1974-2007 Notice the Cycle wave bull markets can be as short as 5 years or as long as 30+ years. Also note, no matter the wave degree the bear markets are always much shorter in time than the bull markets. https://caldaro.files.wordpress.com/2017/04/gsc3.png?w=640&h=528 Since super cycle bull markets last 70+ years, this SC3 is not likely to top until around the year 2080 . https://stockcharts.com/c-sc/sc?s=%24SPX&p=W&st=2002-10-01&en=(today)&id=p59154566248&a=67200081&r=185 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