Market Data 
Markets
Replies to post #80532 on Triple 000 and Sub-penny Chart Plays
Thursday Update
Posted on December 31, 2015
SHORT TERM: gap down opening to end year, DOW -179
The market gapped down at the open
for the second day this week.
It continued yesterday’s pullback,
from Tuesday’s SPX 2082 high,
until it hit 2046 in the first hour of trading.
Then the market rallied back to unchanged at SPX 2063
to close the gap before heading lower again.
During the initial decline
we noted the SPX nearly totally retraced this week’s rally
from 2044-2082.
This suggested, and we updated the hourly count,
that the rally
from the absolute low of SPX 2005 on 12/18
might have been the beginning of the rally to SPX 2082.
This would produce a potential Minor 1 count:
2023-2006-2067-2044-2082.
And Minor wave 2 is currently underway.
Either way,
the SPX 2044 level still looks like an important level
for this potential uptrend.
Will take a better look for the weekend update.
Happy New Year everyone
and best to your life/happiness/wealth in 2016.
And don’t forget to share!
AI
