Market Data 
Markets
Replies to post #125498 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 down opening then rebound, DOW +57
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Gold dropped $3, and the USD was higher.
Gold is now in an uptrend
The market closed at the OEW 2444 pivot yesterday,
then opened at the 2428 pivot today,
only to rebound back to the 2444 pivot
by early-afternoon.
Since the SPX 2491 ATH fifteen trading days ago,
the market has had 8 gap openings.
Quite a choppy day-traders month.
The market sold off after hours yesterday,
after N.K. shot a long-range missile over Japan.
The selling appeared to be related
not so much to N.K.’s action,
but how the US would respond to this
most recent daring provocation.
Keep in mind,
if N.K. attacks anyone first
they are on their own.
If the US attacks first,
N.K. has China’s support.
When the US took no action,
traders appeared relieved
and the market rebounded.
Only mention this
because it is obviously going to have
a continuing impact on the markets.
The short term waves
continue to display the three weeks choppiness.
Three waves down to SPX 2417,
three waves up to SPX 2454,
now a wave down to 2428
with another reversal up.
Short term support
is at the 2444 and 2428 pivots,
with resistance at the 2456 and 2479 pivots.
Short term momentum
rebounded from slightly oversold this morning
to slightly overbought in the afternoon.
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
