$ES: Pump-n-Dump Scenario

$ES #ES-mini #trading setup #Elliott Wave Bears failed to trigger a bearish move. This morning CPI came out slighly cooler than expected and bulls pushed ES to a new higher high: This move up off the April 2024 low looks like a micro five wave up rally. Under the Harmonic…...

This content is for Monthly Plan, Quarterly Plan, and Annual Plan members only.
Login Join Now

$ES: The Next Long Entry

$ES #ES-mini #trading setup Unfortunately, we never got the second leg down in a subwave (c) of the wave (iv) down I expected. The uber bullish scenario assumes the wave (iv) down bottomed and the wave (v) up started: As you can see, ES-mini has been following the five wave…...

This content is for Monthly Plan, Quarterly Plan, and Annual Plan members only.
Login Join Now

$ES: The Second Leg Down Has Started

$ES #ES-mini #trading-setup #Elliott Wave Bears finally broken under a meaningful support 5,300 today and by doing that they turned the weekly and daily trends down: Now the broken support 5,301.50 should be considered the key resistance: As long as bears hold ES-mini under 5,301.5 they will remain in control…...

This content is for Monthly Plan, Quarterly Plan, and Annual Plan members only.
Login Join Now

RTY – A Macro Corrective Bounce Has Not Topped Yet

#Russell #RTY #trading futures #trading setup The first conclusion that we can make based on that wave count is that Russell made a lasting top in Nov’21: It did not make a new higher high in 2023-2024 making a negative divergence with stronger siblings, Dow, S&P and Nasdaq. Because Russell…...

This content is for Monthly Plan, Quarterly Plan, and Annual Plan members only.
Login Join Now

$ES: Updated Micro Path

$ES #ES-mini #trading setup #trading futures Yesterday I shared a whipsaw path. This morning I want to slightly update it: Because the subwave b up has made a higher high, we should consider a very bullish Running Flat a-b-c down structure where the subwave c down stops at a 76.4%…...

This content is for Monthly Plan, Quarterly Plan, and Annual Plan members only.
Login Join Now

$ES: Wild Whipsaw Ahead

$ES #ES-mini #trading futures #trading setup #Elliott Wave We are going to get important data release of Personal Consumption Index at 8-30 AM EST on Friday. Note, this move up today lacked a good structure, if the wave -b- down bottomed then we would have got a i up, ii…...

This content is for Monthly Plan, Quarterly Plan, and Annual Plan members only.
Login Join Now

$NQ: One More Leg Down

#NQ $NQ #trading futures #Elliott Wave Let’s first look at a big picture on teh Daily chart : Bears can extend that leg down in a subwave (a). Let’s look at a micro wave count: There is a bearish wave count that allows bears to produce another push down in…...

This content is for Monthly Plan, Quarterly Plan, and Annual Plan members only.
Login Join Now

$ES: Bulls Defended the 5,000 Level. They Can Start a Move Up

$ES #ES-mini #trading setup #Elliott Wave Let’s start from the macro update based on the Daily chart: Last week ES dropped into the upper green Demand zone: I continue to expect that bulls will step in at 5,000 important psychological level and produce at least a corrective a-b-c up bounce…....

This content is for Monthly Plan, Quarterly Plan, and Annual Plan members only.
Login Join Now

$ES: Nicely Followed Our Plan

$ES #ES-mini #trading setup #trading futures #Elliott Wave In my previous updates I shared my expectations for a final move down that would break under 5,000: ES-mini 13,500 tick bar chart Overnight bears produced emotional climactic drop undercutting 5,000 level: As we expected, a break under 5,000 became a powerful…...

This content is for Monthly Plan, Quarterly Plan, and Annual Plan members only.
Login Join Now

$ES: Upcoming Test of 5,000 Level

$ES #ES-mini #trading setup #Elliott Wave #triple three Yesterday I shared my expectation that a complete looking Double Three corrective structure would morph into the Triple Three structure: …”If that pre-market rally stops at or under 5,240 that could become yet another failed attempt to start a rally to be…...

This content is for Monthly Plan, Quarterly Plan, and Annual Plan members only.
Login Join Now

$ES: The (w)-(x)-(y) Down Structure Hit the Demand Zone

#ES-mini $ES #Elliott Wave The corrective (w)-(x)-(y) down structure made enough micro waves to be considered completed. On Friday ES dipped into the Green Demand Zone. We got two pairs of a-b-c’s interconnected by the failed rally labelled (x) up. ES-mini 90 min chart That looks like a completed corrective……...

This content is for Monthly Plan, Quarterly Plan, and Annual Plan members only.
Login Join Now

$ES: Price Will Break Out of the Month Opening Range Tomorrow

$ES #ES-mini #trading setup Today Es-mini failed to break under the Monthly Support 5,235: Bears failed to break under the Monthly Support 5,235. Tomorrow CPI Data will most likely push ES out of that range. The failure of bears today makes me think bulls can capitalize on that failure and…...

This content is for Monthly Plan, Quarterly Plan, and Annual Plan members only.
Login Join Now

$ES: Bulls Still Have A Setup to Push Higher and Tag the Red Box

$ES #ES-mini #trading setup #flat a-b-c consolidation Bulls got a flat a-b-c down consolidation over the resistance of the previously made high (labelled as -iii-, topped at 5,256.50 on March 8, 2024): That is a base for another push higher in a micro wave -v- up…. This content is for...

This content is for Monthly Plan, Quarterly Plan, and Annual Plan members only.
Login Join Now

$ES and $NQ Look Ready to Test the Red Target Boxes

$ES #ES-mini #trading setup #trading futures We keep watching the same bullish counts that allow bulls to keep pushing both indices higher. NQ stopped the decline right at the weekly support 1 = 18,440 yesterday. The structure of teh decline to the weekly support looks like a cotrrective w-x-y structure…....

This content is for Monthly Plan, Quarterly Plan, and Annual Plan members only.
Login Join Now