Replies to Post #99742 onTriple 000 and Sub-penny Chart Plays

Replies to #99742 on Triple 000 and Sub-penny Chart Plays

TommyBoyTrader9460

10/21/16 6:06 AM

#99750 RE: trader53 #99742

Good morning trader53...Upzs..003..watch for breakout..

trader53

10/25/16 4:29 AM

#99947 RE: trader53 #99742

S&P 500 - for Tuesday, October 25, 2016

https://caldaro.wordpress.com/

Monday Update

Posted on October 24, 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 downtrend may have bottomed

SHORT TERM: gap up opening post op-ex, DOW +77

The market gapped up at the open
for the first time since last Tuesday.

In fact,
looking back from the SPX 2115 low,
all three rallies (2149,
2148 and 2155) have included a gap up opening.

At the open
the market cleared the first two rally highs at 2149 and 2148.

Then after a pullback to SPX 2147
this rally closed above both of the previous rally highs.

Is the uptrend finally getting legs ?

We now have 5-small waves off the SPX 2115 low:
2149-2124-2148-2130-2155.

Thinking this market needs to make new highs
before anyone gets that excited.

Short term support
is at the 2131 and 2116 pivots,
with resistance at the low-2150’s and mid-2160’s.

Short term momentum
hit quite overbought after Friday’s positive divergence,
then ended at overbought.

Best to your trading!