Triple 000 and Sub-penny Chart Plays

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trader53

Re: trader53 post# 124629

Monday, 08/21/2017 3:48:18 AM

Monday, August 21, 2017 3:48:18 AM

S&P 500 - for Monday, August 21, 2017

https://caldaro.wordpress.com/

Weekend Update

Posted on August 19, 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

____________________________________________________________

MEDIUM TERM Downtrend probably underway

SHORT TERM: lower open then choppy day, DOW -76

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Gold slipped $2, and the USD was lower.

Gold is now in an uptrend

Technically,
with Friday’s lower lows across the board,
the SPX/NDX/NAZ
are all displaying positive daily divergences.

Usually this is good for a decent rally.

We had a similar setup
during the ‘a’ wave of the Minor 4 correction
in March/April.

That positive divergence was small,
but good for a significant bounce.

The daily MACD has turned negative,
which typically occurs during corrections.

There could be another choppy week ahead.

Medium term support
is at the 2411 and 2385 pivots,
with resistance at the 2428 and 2444 pivots.

The first decline
from the all-time high
was 53 points: 2491-2438.

Then after a 37 point counter rally: 2438-2475,
the market declined 54 points
into Friday’s low: 2475-2421.

Notice Minor A,
and the two declines of Minor C
were all about the same size:
48, 53, and 54 points.

These last two declines
both occurred in a matter of just two days.

If you review the NDX/NAZ chart
you will observe several steep 2-day declines
occurring nearly every month.

This appears to be a characteristic
of this bull market:
quick shake outs.

Should the market continue Friday’s rebound
I would expect it to run out of upside momentum
in the 2444 – 2456 pivot area.

This appears to be the fulcrum
for positive/negative trader sentiment.

This would also represent another 30+ point rally.

Then another 50 point decline
could setup the SPX
for the downtrend low around 2400.

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)

________________________________________________________________

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.