Market Data 
Markets
Replies to post #125178 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
____________________________________________________________
MEDIUM TERM Downtrend probably underway
SHORT TERM: gap up opening, DOW +30
____________________________________________________________
Gold added $4, and the USD was lower.
Gold is now in an uptrend
On Friday the market gapped up again,
hitting SPX 2454, then pulled back
to end the week at SPX 2443.
Gap openings like this
typically occur during corrections.
Since corrections are often filled with gap openings,
we do not find the seven gap openings
since the recent SPX 2491 high thirteen days ago
all that unusual.
Corrective patterns may appear erratic short term,
great for day traders,
but when filtered properly
one can uncover the larger cleaner pattern.
As noted previously we have filtered the noise
and presented the simpler pattern
for both the completed Minor a
and incomplete Minor c.
We have also observed some symmetry
in the Minor a decline.
The first three waves down from SPX 2454
bottomed at 2419: 35 points.
The last three waves down from SPX 2443
bottomed at 2408: also 35 points.
In other words Minute a and Minute c
were exactly equal.
Thus far for Minor c
we have the first three waves down
from the SPX 2491 high
bottoming at 2417: 74 points.
Now we have a three wave rally up
to SPX 2454 thus far.
This comparison suggests,
when Minute c does get underway
the decline may equal 74 points
or a Fibonacci 0.618 relationship
to that number.
The low is naturally relative
to where the current three waves rally ends.
Short term support
is at the 2428 and 2411 pivots,
with resistance at the 2444 and 2456 pivots.
Short term momentum
ended the week around neutral.
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
