Replies to post #155107 on Triple 000 and Sub-penny Chart Plays

[trader53]

S&P 500 - Symmetrical Triangle

for Monday, May 14, 2018

Symmetrical Triangles - Explained
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139529217

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Weekend update

Posted on May 12, 2018

by tony caldaro

REVIEW

https://caldaro.wordpress.com/


SHORT TERM:

We continue to track two possible scenarios:

triangle and double three .


The Triangle becomes the preferred count
we have been tracking.



Best to your trading!

Trade what’s in front of you!
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http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=3&mn=0&dy=0&id=p16291900332



















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LONG TERM: Uptrend

A New Bull Market - Primary III Underway

We are currently expecting SPX 3,000+




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In March 2009 the great recession and SC2 ended.

From that low, a new 70-80 year SC3 began.

The first bull market of SC3 was 2009-2015,
and first bear market 2015-2016.

We have labeled them as Primary waves I and II.

The bull market currently underway
is part of Primary III.





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In January 2018,

Intermediate wave iii,
(Minor wave 5)
counting it as Major wave 1 completed,

and an Intermediate wave iv correction began.


We are still expecting at least one more uptrend,
and series of New all-time highs.

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