$ES: April Bullish Seasonality Makes Me Consider Alternative Bullish Scenarios

$ES #ES-mini futures The primary Bearish count is still alive: To invalidate the bearish count bulls need to push ES over 4,074. The main problem for bears is that upcoming April is generally a bullish month: The average seasonality for years ending in “3”suggests a bull run starting beginning of…...

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ES: The Bearish Ascending Wedge Got Completed

$ES #ES-mini futures #trading setup #Elliott Wave In several previous reports I kept saying that the pullback was shaped as a bearish ascending wedge was supposed to get broken downside. Yesterday we got a clean breakdown. Until bulls manage to push ES back inside the broken channel bears will remain…...

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ES: Roadmap for Bears for Today and Tomorrow

$ES #es-mini trading #trading setup Morning Update This is potential path for today and tomorrow: Yesterday ES could finally top in a corrective -a-b-c-up structure. Above This you can see a potential path for today and tomorrow. Yesterday afternoon we got a strong a-b-c move down that can be counted…...

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ES: Bounced Into Resistance in A Corrective Structure Ahead of Another Rate Hike

$ES #ES-mini futures #trading setup Today bulls got excited by anemic behavior of bears and push ES deep into the Red Target box: Note that this rally stopped right at 50% retracement of the preceding decline off the high made in Feb’23. We can count the move up as a…...

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ES This Consolidation May Get Completed Without Making a Higher High

$ES #ES mini futures We can count that messy consolidation as a symmetrical triangle: A symmetrical triangle is a consolidation pattern composed of five moves (subwaves) bouncing in between of two contracting trendlines. Upon completion price should continue moving down to new lower lows Price normally enters and leaves a…...

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ES: Keeps Working on a Corrective -a-b-c- up Bounce As We Expected

$ES #ES mini futures #trading setup On March 13 we correctly predicted a corrective bounce. On March 14 we correctly predicted a move down to re-test the green Demand zone. This morning we noted that ES dropped down to the green demand zone in a corrective manner and predicted a…...

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$NQ: Setting Up for a Drop

$NQ #NQ-mini futures #trading setup #i down ii up setup Let’s look at a macro structure of the decline off the last top made in Nov’22: On the Daily chart above you can see an unfolding corrective structure called Double Three. It is composed of three waves labelled (W) down,…...

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$ES: The Rally Did Not Change My Bearish Outlook

$ES #ES-mini futures #trading setup #Expanding Flat Last Wednesday I shared a bullish short-term scenario that argued for a corrective rally targeting 4,000- 4,027. However, bulls managed to trigger another short covering squeeze on Friday: I consider that rally as a completion of a corrective a-b-c up structure of a…...

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$ES: The First Three Days of March Will Bring Back Heightened Volatility

$ES #ES-mini futures #trading setup ES-mini continues to consolidate after a strong five wave down move that bottomed at 3,947.25 last Friday. We expected an a-b-c up corrective structure and that structure does not look having completed yet: This move down can be counted as a subwave c of wave…...

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ES & NQ: This Shallow Flat Consolidation Sets the Stage for a Sharp Drop

$ES $NQ #trading setup In my weekend update I correctly predicted an upcoming corrective pullback. Both, ES and NQ followed the path I shared in my weekend update: This is how ES-mini looks now: This morning ES-mini topped in a subwave a up and then leaked in a subwave b…...

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ES: Bulls Prevailed

$ES #macro #trading setup #breakout In the previous update we outlined two scenarios. The bullish one seems having prevailed: On Feb 2, 2023 bulls completed a corrective Double Three structure of a rally that started off the mid Dec’22 low. Bears got a chance to start a new leg down…....

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ES: At The Major Crossroad

$ES #trading setup As long as bulls hold ES-mini futures over support 4,100 this bullish path will be a feasible scenario: In contrast, a break under 4,100 would be a strongargument in favor of that bearish scenario: Under the bearish wave count, ES completed a corrective wave -x- up today…...

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ES-mini: The Primary Bearish Count in Details

$ES #macro #weekend #trading setup In this update we will review in details our primary bearish count and discuss a potential path for upcoming week that could bring volatility to the market. The bonus of the update is discussion of an alternative bullish count watched by perm bulls. According to…...

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