Market Data 
Markets
Replies to post #124835 on Triple 000 and Sub-penny Chart Plays
LONG TERM: Uptrend
A New Bull Market - Primary III Underway
We are currently expecting SPX 3,000+
in the next 2 to 4 years
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MEDIUM TERM Downtrend probably underway
SHORT TERM: gap up and go, DOW +196
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[color=red]Gold slid $6[/color], and the USD was higher.
Gold is now in an uptrend
The market gapped up at the open
for the first time since last Monday.
That day the market gained 27-points
and closed near the highs.
For the next couple the days
the market then struggled to make higher highs,
even though opening higher on both days.
Then the recent selloff kicked in.
Today the market gapped up
and gained 27-points
and also closed near the highs.
Deja veau?
We continue to observe three waves down
from SPX 2491: 2438-2475-2417,
and now a counter rally to 2455.
Despite the strong day,
thinking the 2456 pivot range
should hold this advance,
as noted in the weekend update,
with possibly a short term
negative divergence at the highs.
Short term support
is at the 2444 and 2428 pivots,
with resistance at the 2456 and 2479 pivots.
Short term momentum
hit extremely overbought as the highs.
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.
AI
