$NQ: Working on a Topping Head and Shoulders Pattern
$NQ #NQ #Elliott Wave #trading setup #Head and Shoulders In my evening update yesterday I posted a chart showing the … Read more
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$ES: This Leg Up Has Topped
$ES #ES #trading setup $Elliott Wave This drop confirms the rally has topped. Now we want bears to violote support … Read more
$NQ: Extremely Overbought: Move Down is Coming
$NQ #NQ #Elliott Wave #trading setup NQ-mini futures produced a clean (a) up, (b) down, (c) up structure into the … Read more
$ES: MACRO Update: I Favor Bearish Scenarios
$ES #SPX #Elliott Wave #Macro The Most Bearish Macro scenario is that we deal with a corrective wave X up: … Read more
$ES: Re-test of the Broken Neckline From Below
$ES #ES #trading setup #Elliott Waves So we got an (a)-(b)-(c) up move back to re-test the broken neckline from … Read more
$NQ: Too Many Potential Paths, All Look Toppy
$NQ #NQ #Elliott Wave #trading setup #a-b-c pullback Bulls did not allow for one more push lower that would perfectly … Read more
$ES: Both Micro Scenarios Argue for A Move Lower
$ES #ES #trading setup #Elliott Wave #a-b-c down In my Sunday weekend macro update we correctly predicted a move down … Read more
S&P 500: MACRO UPDATE: A Pullback Making a Higher Low Would Confirm a Reversal
$SPX #S&P500 #macro #weekly #weekend In this weekend update I will be updating scenarios we discussed in details the previous … Read more
$ES: We Got A Crazy Short Covering Rally. Do not Get bullish!
$ES #ES #trading-setup #ElliottWave #a-b-c pullback This morning we correctly predicted a pre-market drop, followed by a bullish reversal and … Read more
$ES: Path for a Friday Rally
$ES #ES #trading setup #RunningFlat ES made a higher high overnight and by doing that it set the stage for … Read more
$NQ: Macro Update: Triangle Shaped Consolidation Should be Followed by Another Dive
$NQ #NQ #trading setup #Elliott Wave #triangle NQ-mini has been a week in a directionless consolidation. When price gets stuck … Read more
$ES & $NQ: Bears Insist on Another Deep Dive, But Bulls Can Invalidate that Scenario
$ES $NQ #Running Flat #Very Bearish Scenario Perm bears are focused on the same very bearish scenario in $ES and … Read more
$ES: Bullish Reversal Setup: Inverse Head and Shoulders
$ES #trading setup #bullish reversal This morning I correctly predicted a pullback after the pre-market rally. After that pullback bulls … Read more
$ES: Hit The Target Box and Popped with Gusto
$ES #ES #trading setup #Elliott Wave In my afternoon update yesterday I noted that ES was going to make another … Read more
S&P 500: Approaching the Target
$SPX $ES #trading setup In my Weekend Update (Part I and Part II) posted on Sunday I explained that I … Read more
$ES: Bearish Head and Shoulders
$ES #ES #trading setup #Head and Shoulders We got another bearish Head and Shoulders pattern Break under the upper trend … Read more
$ES: Bulls Still Can Make One More Push Higher
$ES #ES #trading setup #Elliott Wave #a-b-c pullback This is a quick intraday update. It has been a slow leaking … Read more
$NQ: Has the Pullback Topped?
$NQ #NQ #trading setup #Elliott Wave Under the Macro Bearish scenario bulls tested the Red Box and got rejected: That … Read more
$S&P: Bulls Consider the Pullback off the July High as a Buy Opportunity: Macro Update: Part II
$SPX #SPX #trading setup #Elliott Wave #macro #weekly The Bullish scenario assumes that S&P made a bottom of a corrective … Read more
S&P: Bearish Scenario: Macro Update Part I
$SPX #S&P #Macro Update #Elliott Wave Let’s update our two alternative macro scenarios. We will be looking at S&P 500 … Read more
$ES: Dropped As Expected: Bulls Can Attack 4,400 Resistance Next Week
$ES #es-mini #trading setup #ElliottWave This morning I correctly predicted a pullback off the morning highs. I shared two bearish … Read more
$NQ: Hit The First Resistance and Got Rejected. Can Bulls Make Another Push Higher?
$NQ #NQ #trading setup In my previous update “Both Scenarios Allow Bulls To Push Higher” I correctly predicted a corrective … Read more
$ES: Hitting the Red Box, Pullback Will Follow
$ES #ES #trading setup #Elliott Wave This morning ES-mini is hitting the red Box: There are two potential micro paths: … Read more
$ES: How Bulls Can Avoid the Plunge
$ES #ES #trading setup #Elliott wave Yesterday I outlined an alternative bearish scenario that argues for the final plunge either … Read more
$ES: Potential for the Final Capitulation Drop on Friday
$ES #ES-mini #trading setup The base case is that bulls produce a bigger bounce to the intersection of two trend … Read more
$NQ: MACRO UPDATE: Both Scenarios Allow Bulls to Push Higher
$NQ #NQ #trading setup #Elliott Wave Today NQ tested a strong support at 14,628. That was the June 2023 low. … Read more
$ES: Dropped and Hit The Target. Bulls Have a Setup to Turn it Up
$ES #ES #trading setup #Elliott wave I kept repeating that 4,312 is the target for the move down: Yesterday I … Read more
$NQ: May Take a Dive
$NQ #NQ #trading setup #Elliott Wave Ideally bulls should produce one more push higher in a subwave c of a … Read more
$ES: Made a Move Down as Expected But Has Not Hit The Target Yet
$ES #ES #trading setup #Elliott Wave We closed last week with a short setup that allowed bears to push ES-mini … Read more
$NQ: Approaching a Strong Support
$NQ #NQ #trading setup #Elliott Wave NQ is approaching a very strong confluence of two levels: Let’s dive deeper and … Read more
$ES: The Crowd Expects a Market Crash. Stay Away From the Crowd!
$ES #ES-mini #trading setup #Head and Shoulders Last week ES-mini futures broke under the important support, the green band 4,415 … Read more
$ES: Bouncing Back to 4,399 As Expected
$ES #ES-mini #trading setup #Elliott Wave Yesterday in my evening report I concluded that ES-mini hit an important support at … Read more
$ES: Stopped at a Strong Support on Thursday.
$ES #ES-mini #trading setup #extension #wave 3 down #Elliott Wave Yesterday ES-mini broken under an important support 4,462 and that … Read more
$ES: A Breakdown Has Triggered “Short-Every-Bounce” Regime
$ES #ES-mini #trading setup #Elliott Wave #invalidation This morning I shared my expectation for an a-b-c move up targeting 4,540: … Read more
$ES – Potential Micro Path for a Volatile FOMC Day
$ES #ES-mini #trading setup #Elliott Wave #trading strategy #trading plan Yesterday I posted a “spaghetti” chart showing three potential paths: … Read more
$ES: Bullish Reversal Off The Green Box
$ES #ES-mini #trading setup This morning I posted an update arguing for another push lower to test the Green Box: … Read more
$ES: Three “Spaghetti” Models
$ES #ES-mini #trading setup #Elliott Wave Meteorologists use the term “spaghetti models” to show different paths for the cone of … Read more
$ES: A Corrective Bounce to the Supply Zone Looks Like a Short Setup
$ES #ES-mini #trading setup ES just bounced up to the same macro red supply zone in a clean a-b-c up … Read more
$ES: Weekly Macro Update: Can Bulls Stop this Drop at 4,400?
$ES #ES-mini #trading setup #Elliott Wave #weekly #macro #Month Opening Range Last week bulls failed to break over the immediate … Read more
NQ: Turned Down. The Bearish Path to follow
$NQ #NQ #trading setup Yesterday I posted a clean short -i- down,. -ii- up setup: This is how that chart … Read more