Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Thursday, June 15, 2017


https://caldaro.wordpress.com/

Wednesday Update

Posted on June 14, 2017


June is among the worst months for stocks
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=131884045

Saturday, 06/03/17
MARKET SNAPSHOT: Stock Market Bracing
For Potentially The Most Explosive Stretch
Of Trading This Year
https://ih.advfn.com/p.php?pid=nmona&article=74919388

Sunday, 05/07/17
MARKET SNAPSHOT: "Sell in May and Go Away"
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=131138607

____________________________________________________________


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 +46

____________________________________________________________


The market opened higher today,
failed to reach the all-time high
of SPX 2446 by 2-points,
(but the futures did reach their high
just before the open),
and then traded lower
for the rest of the day.

The DOW made a new high,
and the NDX/NAZ retraced more than 50%
of its two day decline.

Quite a mixed market at the moment.

Should the NDX/NAZ break Monday’s lows,
cannot see how the SPX/DOW
will not follow lower.

Should the NDX/NAZ
remain in a trading range for a while,
then the SPX/DOW might be able
to move somewhat higher.

Right now it looks like today
offered a new high for the DOW,
while the SPX might have had
a small 5th wave failure by just 2-points.

With the FED raising rates again,
and a firm announcement/plan
of a balance sheet reduction,
Quantitative Deleveraging,
probably starting in September,
the market has sufficient reason
to enter correction mode.

Intermediate wave iii in the SPX
may have ended today.

Short term support
is at the 2428 and 2411 pivots,
with resistance at the 2444 and 2456 pivots.

Short term momentum
dropped from overbought to oversold
and then ended at neutral.


Best to your trading!

Trade what’s 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

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.

Since super cycle bull markets last 70+ years,
this SC3 is not likely to top until around the year 2080.




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