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Replies to post #119378 on Triple 000 and Sub-penny Chart Plays
trader53
06/27/17 3:43 AM
#119464 RE: trader53 #119378
Monday Update Posted on June 26, 2017 June is among the worst months for stocks https://investorshub.advfn.com/boards/read_msg.aspx?message_id=131884045 Saturday, 06/03/17 MARKET SNAPSHOT: Stock Market Bracing For Potentially The Most Explosive Stretch Of Trading This Year https://ih.advfn.com/p.php?pid=nmona&article=74919388 Sunday, 05/07/17 MARKET SNAPSHOT: "Sell in May and Go Away" https://investorshub.advfn.com/boards/read_msg.aspx?message_id=131138607 ____________________________________________________________ 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 Uptrend SHORT TERM: gap up opening sold, DOW +15 ____________________________________________________________ The market gapped up at the open today, just like last Monday and the Tuesday before that. While last Monday’s gap up put in the uptrend high thus far, today’s and other one were sold off. During uptrends gap up openings set the stage for higher and higher prices. Two of the last three have not. The short term wave pattern, since the SPX 2416 low on June 9th, continues to look choppy: 2444-2419-2454-2431-2450-2437 so far. The SPX 2454 level continues to look like a potential Intermediate wave iii high. The NDX/NAZ have not made new highs since their June 9th selloff. It looks like we can now tighten the breakout/breakdown range to SPX 2431 and 2454. Short term support is at the 2428 and 2411 pivots, with resistance at the 2444 and 2456 pivots. Short term momentum ended the day below neutral after getting quite overbought. Best to your trading! Trade what’s in front of you!
LONG TERM: uptrend This week let’s look at the big picture. The very big picture. While published data on the US stock market only began in the year 1885, we have been able to piece together, using secular Saeculum cycles and economic cycles, how the US market would have looked from the early 1700’s. As an emerging growth economy the US would have not looked anything like the European markets that do have stock market data going back that far. That data was not considered. From around the year 1700 to 1929 the US experienced a 200+ year grand super cycle bull market GSC 1 The 1929-1932 crash, when the stock market lost nearly 90% of its value, ended GSC 2 While short in time the crash made up for it in price damage. A GSC 3 bull market began at that 1932 low. Within GSC 1 there were five super cycles, approximately: SC1 1700-1770 SC2 1770-1776 SC3 1776-1850 SC4 1850-1857 SC5 1857-1929 Within the current GSC 3 there have been two completed super cycles, with the third underway: SC1 1932-2007 SC2 2007-2009 SC3 2009-xxxx Since super cycle bull markets last 70+ years, this SC3 is not likely to top until around the year 2080. Within each super cycle bull market there are five Cycle waves. SC1 of GSC 3 divided as follows: C1 1932-1937 C2 1937-1942 C3 1942-1973 C4 1973-1974 C5 1974-2007 Notice the Cycle wave bull markets can be as short as 5 years or as long as 30+ years. Also note, no matter the wave degree the bear markets are always much shorter in time than the bull markets.