Market Data 
Markets
Replies to post #98253 on Triple 000 and Sub-penny Chart Plays
Tuesday Update
Posted on October 4, 2016
LONG TERM: Uptrend
A New Bull Market - Primary III Underway
We are currently expecting SPX 3,000+
in the next 2 to 4 years
MEDIUM TERM choppy downtrend activity continues
SHORT TERM: pullback continues, DOW -85
The market opened higher today
but immediately reversed and headed lower
despite the rallies in Asia and Europe.
During the afternoon
the SPX dropped down into the 2142/2145 zone,
held support,
was quite oversold,
and started another rally.
Too choppy
to tell if this rally can reach SPX 2175/2180 again,
or just fade and head even lower.
The market has remained choppy,
with an upside bias,
for about three weeks now.
Short term support
is at SPX 2142 and the 2131 pivot,
with resistance at the 2177 pivot and SPX 2194.
Short term momentum
ended the day below neutral.
Trade what’s in front of you!
Thursday Update
Posted on October 6, 2016
LONG TERM: Uptrend
A New Bull Market - Primary III Underway
We are currently expecting SPX 3,000+
in the next 2 to 4 years
MEDIUM TERM choppiness continues
SHORT TERM: lower open then rebound, DOW -13
The market opened lower today,
hit SPX 2150, then rebounded.
The choppiness continues
heading into tomorrow’s monthly payrolls report,
with an eye on C-4 hurricane Matthew.
Still believe the market needs to retest the 2116 pivot,
or slightly lower,
before it can start impulsing again.
Short term support
remains at SPX 2142 and the 2131 pivot,
with resistance at SPX 2164 and the 2177 pivot.
Short term momentum
rose above neutral after hitting oversold this morning.
Trade what’s in front of you!
AI
