Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - for Wednesday, August 9, 2017


https://caldaro.wordpress.com/

Tuesday Update

Posted on August 8, 2017

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Saturday, 08/05/2017
MARKET SNAPSHOT: The Stock Market's
Historically Worst 2 Months Are Dead Ahead.
Time To Worry?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133627254

Jun/Jul - are the Kick-off months in the OTC

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

Jan/Feb and Jun/Jul - are the Kick-off months in the OTC.

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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: new highs then pullback, DOW -33

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Gold added $4, and the USD was higher.

Gold is now in an uptrend


The market opened lower today,
made a low at SPX 2476
within the first 15 minutes,
and then started to rally.

Just past 11:30
the SPX broke through the OEW 2479 pivot range
(2472-2486)
on its way to 2491 just past noon.

With the breakout of the pivot this uptrend,
which started at SPX 2408 in early July,
cannot be a B wave.

As a result
we updated the SPX hourly/daily charts
to display Minute wave iii of Minor wave 5
underway.

The previous uptrend/downtrend reversals
have been downgraded
from Minor 5 to Minute waves i and ii.

With a Minute iii underway
it suggests Minor wave 5,
of Int. iii,
is extending.

Which is exactly what the DOW has been displaying
for several months.

The short term count is not totally clear,
but it does look like a possible 5 waves up
from SPX 2408: 2432-2413-2484-2465-2491
to end a Micro 1.

Micro 1 of Minute i was 77 points,
and Micro 1 of Minute iii
is currently 83 points.

Short term support drops
to the 2456 and 2444 pivots,
with resistance at the 2479 and 2525 pivots.

Short term momentum dropped
from quite overbought to slightly oversold.



Best to your trading!

Trade what’s in front of you!

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USD - Futures Charts (Hourly)



GOLD - Futures Charts (Hourly)



S&P 500 - Futures Charts (Hourly)



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USD - Futures Charts (Daily)



GOLD - Futures Charts (Daily)



S&P 500 - Futures Charts (Daily)



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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