Both, NQ and SMH Can Push Higher
$NQ $SMH #Macro #trading setup As long as bulls hold NQ-mini over support 12,455 they will remain in control and … Read more
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ES: Macro Update: Very Limited Upside is Left
$ES #Macro #trading setup #Expanding Triangle The macro view has not changed: There are two micro scenarios on the table. … Read more
NQ: Bulls Have Room for One More Push Higher
$NQ #trading setup Bulls can push NQ-mini to a new higher high to set up a bull trap and make … Read more
ES: the Direction of the Intra Month Trend Will be Defined Within the Next 96 Hours
$ES #Monthly Opening Range The first three trading days of each month sets so called Month Opening Range. The highest … Read more
ES: The Weekend Update
$ES #Weekend #Macro #trading setup #Double Three I count the move up off the Oct’22 low as a large corrective … Read more
ES: Can Bulls Push Higher One More Time?
$ES #micro Yesterday I explained the (w)-(x)-(y) corrective structure of the pullback that started in Oct 2022. Today I will … Read more
ES: Bulls Have Not Tagged the Red Box Yet
$ES #macro #trading setup In my previous update I shared a path for a rally from 4,075 to 4,250. In … Read more
ES: A Spike Down on FOMC Will be a Long Opportunity
$ES #es-mini futures #trading setup The big idea behind the bullish expectations is that to complete the corrective (w) up, … Read more
NQ: Two Possible Paths for a FOMC Day
$NQ #macro #trading setup Tomorrow we have a very strong catalyst for the market, first FOMC will announce its decision … Read more
NQ: Dropped as Expected and Hit The Support
$NQ #Macro In the previous update we correctly predicted a move down. We noted that bears had a setup to … Read more
SPX: This Repeating Fractal Argues the Correction is Not Over
$SPX #MACRO #forceast #fractal analysis Nothing is new under the sun. Over the weekend I scrolled back through the last … Read more
NQ: Bears Have A Setup for a Move Down
$NQ #macro #trading setup #Double Three The move up off the October 2022 low looks corrective and hit an important … Read more
ES: The Tricky Path Higher
$ES #micro #macro #trading plan #trading setup #es-mini This is how the big picture looks like: Bulls are trying to … Read more
ES: Bulls Finally Look Ready for the Breakout
$ES #trading setup The morning drop set a bears’ trap and now bulls can play a breakout over that red … Read more
ES: Bulls Failed Again and That Makes Me Doubt Their Prospects
$ES #macro #trading setup In my yesterday update I shared my doubts about considering the extremely bullish action on Friday-Monday … Read more
S&P: Has it Broken Out?
$ES $SPX #Macro Many analysts claimed that S&P broke over the trend line that connected several previous tops yesterday. As … Read more
ES: Intraday Update
$ES #intraday micro update #trading setup I consider that a-b-c- up consolidation off the low made yesterday as a corrective … Read more
$ES: Upcoming Test of a Monthly Support
$ES #trading strategy #Month Opening Range This is a great example of how mighty the Month Opening Range strategy is. … Read more
ES: So Far Bulls Failed to Breakout
$ES #macro #trading setup For several weeks we have been watching that Red Target box that could stop the rally … Read more
ES: Bulls Got A Strong Argument in Favor of Potential Breakout
$ES #Macro In addition to our primary bearish scenario we have to consider two alternative mid term bullish counts: Note … Read more
NQ: Macro Update
$NQ #macro #daily #trading setup There are two macro wave counts I can identify here. Let’s start from my primary … Read more
ES: In the Red Target Box
$ES #trading setup Bulls pumped up the market into the Red Target box based on expectation sthat CPI data will … Read more
ES: Topped in a Corrective Bounce
$ES #macro Yesterday ES-mini futures finally completed the rally as we expected: ES tested the Red Target Box yesterday in … Read more
RTY: Has Hit a Strong Resistance
$RTY #240 min #corrective a-b-c up pullback #trading setup RTY hit confluence of two fib levels and 200 MA on … Read more
ES: Macro Update: I Continue to Expect a Trip to 3,600
$ES #Macro #trading setup This is the straightforward very bearish count that was widely adopted by the market in Dec … Read more
RTY: Should Re-test the Double Bottom Made in 2022
$RTY #macro #daily #trading setup I consider the decline off the November’22 high as a subwave (a) of the final … Read more
ES: To Start A New Decline Bears Need to Invalidate a Bullish Setup
$ES #trading setup #i up – ii down setup Yesterday we got the final spike up making a slighly lower … Read more
ES: Bulls Will Get a Chance After Test of 3,700-3,600 Support
$ES #ES-mini futures #trading setup ES continues to consolidate in a 120 point range (3,920 – 3,800). That triangle shaped … Read more
ES: Looks Ready to Tank Down to 3,700
$ES #Macro #Daily #i down – ii up setup #trading setup Since ES bottomed on Dec 22nd it has been … Read more
RTY: Macro Update and Potential Path for 1Q 2023
$RTY #Macro #Daily #W-X-Y correction #trading setup On a daily chart of RTY-mini futures shown below you can see the … Read more
Crude Oil: Breakout in Crude Would Provide Support for the Market
$CL #Crude Oil #Macro analysis #Daily #trading setup Cycle analysts noted that Crude oil normally leads the equity market by … Read more
ES: The Macro Count is Bearish
$ES #Macro #Daily #i down – ii up setup #trading setup Last week bears managed to break under support 3,945: … Read more
TSLA: Looks Attractive
$TSLA #Macro #tradingsetup A huge corrective (W)-(X)-(Y) down structure looks complete: The stock dropped to important support from September – … Read more
Natural Gas: Making a Bottom
$NG #Daily #Macro #tradingsetup On a Daily chart we can see how NG is completing a huge (A)-(B)-(C) down corrective … Read more
ES: As Always, Follows the Most Tricky Path
$ES-mini #trading setup #i down – ii up setup This is the macro picture: We are getting a corrective a-b-c … Read more
ES: Bounced As Expected
$ES #trading setup #i down – ii up setup As we expected here, here and here, the market produced a … Read more
ES: Started a Corrective Consolidation
$ES #Daily #micro #trading setup #i down- ii up short setup ES-mini futures seem having bottomed in the first a-b-c- … Read more
ES/SPX – Bears May Get a Short Setup for a 300 Point Drop
$ES $SPX #DAILY #micro #i down – ii up setup Last week I noted that SPX was approaching a fat … Read more
QQQ: A 1-2 day Bounce Would Be a Short Setup
$QQQ #micro #1 down – 2 up setup On the chart below you can see a crystal clean (a)-(b)-(c) up … Read more
S&P 500: Expect a Bounce off the November Unfilled Gap Up
$SPX #micro #wave i down – ii up S&P 500 cash index has a very clean wave count: We can … Read more