Triple 000 and Sub-penny Chart Plays

[trader53]

WEEKEND UPDATE

Posted on January 5, 2019

by tony caldaro

https://caldaro.wordpress.com/

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We see two
potential support levels
for the next,
and maybe last, selloff.


SPX 2310 C = 1.5 A
and
SPX 2270 C = 1.62 A

The DOW C wave
would have a 1.62 relationship to A
around the SPX 2310.

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The Kick-Off Months in the OTC - Jan/Feb - Jun/Jul

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=137701925


https://caldaro.wordpress.com/


https://stockcharts.com/h-sc/ui?s=%24SPX&p=W&yr=5&mn=0&dy=0&id=p7587581294c



SHORT TERM

The pattern for this downtrend remains the same.

An abc down to late October,
a November B wave,
then another abc down to late December.

While the pattern has been unchanged,
the wave degree has been a bit difficult
to determine.

Ideally,
as noted last week,
a drop to SPX 2310
would ideally fit the SPX and DOW.

We should be seeing a retest
of the December lows
before this bear market ends.