Replies to post #52250 on Triple 000 and Sub-penny Chart Plays

[trader53]

USTC vs. $SPX

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105140953

[trader53]

$SPX: Medium-term may have bottomed !!

http://caldaro.wordpress.com/

MEDIUM TERM: downtrend may have bottomed
it looks like we have completed three Minor waves down
for Intermediate wave iv.







SHORT TERM




http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=8&dy=22&id=p31433252697

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=3&dy=22&id=p17403249439

http://stockcharts.com/h-sc/ui?s=USTC&p=D&yr=0&mn=3&dy=22&id=p60775787202



Should the downtrend continue,
the next support level is still within the OEW 1901
pivot range at SPX 1897.
This is the actual high of the previous uptrend.

Should the market drop much below this
it would suggest the SPX is
creating a diagonal triangle Major wave 5.

This does not change the projection
of all time new highs to end Major 5,
only the wave pattern labeling
and the additional short term risk
to the downside.

Medium term support is at the 1929 and 1901 pivots,
with resistance at the 1956 and 1973 pivots.