Replies to post #52378 on Triple 000 and Sub-penny Chart Plays

[trader53]

$SPX - Uptrend probably underway

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MEDIUM TERM: uptrend probably underway

Clearing SPX 1943 suggests the Int. v uptrend is underway.

Pullbacks during the early stages of an uptrend
are usually limited to 9 to 12 pts.
Thus far the pullback is 9 points.

Should the market continue to pullback and get oversold
we could mark this high as Minor wave 1.

If the pullback is small
it is probably only Minute wave i of Minor 1.

Either way we expect the market to move higher
once this pullback ends.





MEDIUM TERM: uptrend probably underway

Clearing SPX 1943 suggests the Int. v uptrend is underway.

Pullbacks during the early stages of an uptrend
are usually limited to 9 to 12 pts.
Thus far the pullback is 9 points.

Should the market continue to pullback and get oversold
we could mark this high as Minor wave 1.

If the pullback is small
it is probably only Minute wave i of Minor 1.

Either way we expect the market to move higher
once this pullback ends.




MEDIUM TERM: uptrend probably underway

Clearing SPX 1943 suggests the Int. v uptrend is underway.

Pullbacks during the early stages of an uptrend
are usually limited to 9 to 12 pts.
Thus far the pullback is 9 points.

Should the market continue to pullback and get oversold
we could mark this high as Minor wave 1.

If the pullback is small
it is probably only Minute wave i of Minor 1.

Either way we expect the market to move higher
once this pullback ends.







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