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trader53

01/15/16 6:54 PM

#81167 RE: trader53 #81039

S&P 500 - for Tuesday January 19, 2016

Holiday on Monday, best to your three day weekend!

https://caldaro.wordpress.com/

Friday Update

Posted on January 15, 2016




SHORT TERM: Bear market confirmed, DOW -391

The market gapped down at the open to end the week,
after five successive gap up openings
that had a net effect of -1.0%.

After the first half hour of trading
the market found support
just above the August/September lows
and tried to rally.

The rally attempts failed
as the market broke below that SPX 1867-1872 low,
and hit 1858 just past noon.

After that the market rallied into the close
to finish at SPX 1880.

Lots to cover in the weekend update,
holiday on Monday,
best to your three day weekend!







* Note - The October 2015 Bottom, resembles 1998 and 2011 Bottoms



LONG TERM: Bear market

MEDIUM TERM: Downtrend



* Primary Waves I and II - completed in 2011

* Primary Waves III and IV - completed in 2015


* Primary Wave V - Failed















* Note - The October 2015 Bottom, resembles 1998 and 2011 Bottoms





































LONG TERM: Bear market

MEDIUM TERM: Downtrend

* Primary Waves I and II - completed in 2011

* Primary Waves III and IV - completed in 2015

* Primary Wave V - Failed








Since 1929 there have been 13 bull markets
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=116564037






http://stockcharts.com/h-sc/ui?s=%24SPX&p=W&yr=1&mn=1&dy=0&id=p83822707561

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=1&mn=1&dy=0&id=p43140782454