$ES: 4,808 is now the Key Support
$ES #ES-mini #trading setup #micro This morning bulls defended the breakout level 4,808: Every time bears fail to break a … Read more
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$ES: New All Time High Can Be the Perfect Trap
$ES #ES-mini #trading setup #micro Let’s look at a micro 15 min chart: Today bulls overshoot the previous high made … Read more
$ES: Micro – Drop Under 4,780 Would Be A Bearish Sign
$ES $SPX #ES-mini #futures We continue to patiently wait for signs that this corrective rally in a wave -b- up … Read more
$ES: Waiting for the Bulls’ Trap to Close
$ES #ES-mini #trading setup #weekend I currently consider the very bullish Running Flat scenario as the primary one (read explanation … Read more
$NQ: Bears Got A Setup
$NQ #NQ-mini The micro count of the rally argues NQ might have topped: 16,600 remains the key support now. You … Read more
$ES: This Rally Looks Like a Corrective Wave -b- up
$ES #ES-mini #trading setup Yesterday a member of my chat room asked me if that rally could be a corrective … Read more
$ES: The First Reaction is Bullish. Will It Hold?
$ES #ES-mini The FOMC has just published its “dot plot” chart that implies three quarter-point interest rate cuts next year … Read more
$ES – The Rally Got Overextended
$ES #ES-mini #trading setup Ona Daily chart you can see that bulls keep pushing ESH24 (the March 2024 contract) towards … Read more
$ES: The Rally Looks Completed
$ES #ES-mini #trading setup ES-mini keeps pushing higher moving along our bullish scenario. The Bullish scenario considers the November rally … Read more
$ES: A Pullback is Coming: Macro Weekend Update
$ES #ES-mini #weekend Please note that I have switched to ESH24 , the March 24 contract of ES-mini futures: This … Read more
$ES:Bulls Are Working On A Bulls’ Trap
$ES #ES-mini #failed breakout Yesterday I shared a path and ES has been nicely following it: We got an emotional … Read more
$ES: A Fake Breakout Setup Can Trigger an Overdue Pullback
$ES #ES-mini #trading setup This is the ideal scenario for Friday – Monday: The key resistance is 4,607.75. That is … Read more
$ES and $SVIX: Both Promise A Move Up
#greed index #a-b-c flat consolidation #long setup check The morning Update – 11-29 AM EST below. $SVIX has a picture … Read more
$NQ: Messy Correction Continues
$NQ #NQ #micro #short setup On a daily chart you can see that a drop to 15,600 would complete the … Read more
$NQ: The Bullish Path to a New All Time High
$NQ #NQ-mini #trading setup The Daily chart looks bullish. It shows a clean path for bulls to re-test the high … Read more
$NQ: Will Bulls Squeeze Higher One More Time?
$NQ #NQ-mini #trading setup Bulls need to break over 16,010 to start the final micro leg up: However, keep an … Read more
$ES: Two Micro Paths to Reach the Top
$ES #ES-mini #Elliott Wave #trading setup The previous update correctly predicted an upcoming rally. We keep watching two very different … Read more
$ES: Are You Ready for a Bulls’ Trap?
$ES #ES #trading setup #bulls trap The macro bullish count argues for ES-mini to top somewhere around 4,660 after kissing … Read more
$NQ: Bullish Setup for Another Push Higher
$NQ #NQ-mini #trading setup 15 min chart of NQ-mini futures looks very bullish: In the yellow box you can see … Read more
$ES and $SVIX Look Ready For Another Push Higher
$ES $SVIX #trading setup ES-mini looks having completed a corrective consolidation in the wave -iv- down and looks ready to … Read more
$SVIX: How to Use the “Greed Index” to Nail the Top of that Rally
$SVIX $ES #toppong #Expanding Triangle #Megaphone This is how the macro bullish scenario looks like: Even that bullish scenario argues … Read more
$ES: The November Rally Could Complete the Right Shoulder of the Head and Shoulders Reversal Pattern
$ES $SPX #Head and Shoulders #toppying Today was the worst day for trading in 2023. Look at that miniscule daily … Read more
$ES: Macro Update & Gann’s Levels
$ES #ES #Macro #Trading Setup Let’s first look at the daily chart of S&P cash index: The last three trading … Read more
$ES: Two Path Leading Higher
$ES #ES-mini #trading setup I think this rally will eventually extend up to 4,687 – 4,717: But I do not … Read more
$NQ: Bulls can push higher one more time to complete the wave iii
$NQ #NQ-mini #trading setup This is the micro path I am watching: I think Bulls should be able to push … Read more
$ES: Volatility Will Most Likely Spike After Thanksgiving Holiday
$ES $SPX $VIX #corrective a-b-c up pullback The US stock market will be closed on Thursday. This week has been … Read more
$ES: Keeps Pushing Towards the July’23 High
$ES #ES #trading setup Bulls keep pushing ES-mini towards the main resistance, a red trend line that connects previous highs. … Read more
$ES: Macro: Either Triangle or Breakout Scenario
$ES #ES-mini #trading setup #triangle The only macro scenario that looks relatively reasonable for me is based on the assumption … Read more
$NQ: Micro: Two Potential Trading Setups
$NQ #NQ #trading futures #day trading This chart can be named “the thrill is gone”: Bulls built a base and … Read more
$ES: Expect Volatility on OPEX Friday
$ES #ES #trading setup #OPEX I keep two options on the table. The bearish scenario is still alive: The nearest … Read more
$NQ: Due for a Pullback
$NQ #NQ #trading setup NQ-mini futures looks having completed a five wave up structure off the Oct’23 low: 15,850 remains … Read more
$NQ: The Rally Annihilated the Bearish Scenarios
$NQ #NQ #trading setup I did not expect that rally to climb that high. The strength of that rally annihilated … Read more
$ES: Hit the Red Box and Completes the Five Wave Up Structure
$ES #ES #trading setup That spike completes the five wave up structure off the low made in late Oct’23: ES-mini … Read more
$ES: Get Prepared for a Wild Ride Triggered by CPI Release on Tuesday Morning
$ES #ES #Macro The macro wave count / scenario we discussed on Sunday argues that bulls would be able to … Read more
$ES: The Most Painful Scenario is in Play
$ES #ES #Macro #Expanded Flat On November 8, 2023 I Outlined three paths: This is what I wrote about the … Read more
$ES: WE Got The Bounce. I expect Rejection and Another Leg Down
$ES #ES #trading setup Yesterday I shared an unfolding head and shoulders bearish reversal pattern. That pattern argues for a … Read more
$ES: Head and Shoulders Reversal Pattern is in the Making
$ES #ES-mini ES-mini got rejected off that same Red Band 4,400-4,415: This is how ES -mini looks like after the … Read more
$ES: Micro Path to 4,460
$ES #ES-mini #trading setup #Elliott Wave Yesterday I showed the purple max pain scenario that allowed bulls to produce a … Read more
$ES: Three Macro Paths
$ES #ES #Macro The extremely violent and rare early November rally hit the Supply zone 4,400-4,415 and stalled: Note that … Read more
$ES: The Rally Will Not Stop Until the Bulls’ Trap is Set
$ES #ES Bears had a chance to turn ES-mini down off the resistance 4,381. However, bears failed. Most likely this … Read more