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
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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
$ES: Finally Violated the Support
$ES #micro #trading setup ES-mini futures finally violated the support 3,945: It has been our target for the first move … Read more
$ORCL – A Macro Count That Confirms Bearish Bias for 2023
$ORCL #WEEKLY #2023 forecast A huge rally in $ORCL topped in November 2021: Upon completion of a five wave up … Read more
NQ: Bottomed in October with a Similar (Inversed) Pattern
$NQ #trading setup So far NQ-mini has topped in the (a)-(b)-(c) move up off the October low at a strong … Read more
ES: Triggered the “Failed Breakout” Short Setup
$ES #Daily #trading setup #macro The rally off the October low started from a huge intraday bullish reversal (see the … Read more
NQ: Bears Have a Setup to Start a Strong Decline
#NQ #Daily #Macro #Micro #trading setup We can count the decline off the top made in November 2021 as an … Read more
ES: Bears Have Huge Advantage for Upcoming Week
$ES #short trading setup #broken bearish wedge #Month Opening Range Tomorrow we will start a volatile week packed with news … Read more
ES: Key Support to Crack is 3,992
#ES #ES-mini futures #Daily #Macro #Trading setup I count the whole structure of the decline off the top made in … Read more
NQ: Break Under 11,710 Should Trigger A Strong Decline
#NQ #Daily #Macro #Micro #trading setup My main assumption behind that bearish wave count is that (a)-(b)-(c) up pullback off … Read more
DOW: Under 33,500 This Decline Would Accelerate
#macro #DJIA #Daily #Expanding Flat I my previous bearish update I noted that “Dow played out a macro short failed … Read more
SPY: Weekly: 8FLD points to the top this coming week
#macro #weekly #cycle analysis #FLD #Hurst JM Hurst proposed using the tool called Future Line of Demarcation to identify underlying … Read more
ES-mini: Until Bears Break Under 3,940 Bulls Will Remain in Control
#ES #macro #weekend update #trading setup I count the move up off the October low as subwave C of wave … Read more
NQ-mini: Bears Need to Break Critical Support To Confirm Reversal
#nq #weeken update #macro update #daily #trading setup We can count the move up off the October 2022 low as … Read more
NQ: Dropped Into the Green Box as Expected
#trading setup Yesterday I concluded that NQ was going to drop into the Green Box even under the bullish scenario: … Read more
DOW: A Macro Short “Failed Breakout Setup”
#macro #daily #short #Expanded Flat #failed breakout #trading setup Note that Dow played out a macro short failed breakout setup. … Read more
NQ-mini: A Pullback Can Be Followed By Another Push Higher
#daily #tradingsetup #macro #micro #Harmonic Elliott Wave I count the (a)-(b)-(c) up move up off the October 2022 low as … Read more
ES-mini: Macro Update
#macro #trading setup #daily In our macro update posted yesterday, I concluded that “bulls have room for one more push … Read more
ES-mini: Macro Update: Has the Market Turned Down Yet?
#macro #daily #3-3-3 structure #bear market rally #trading setup This is the right time to zoom-out and look at the … Read more
US Dollar: A Lot of Room for Rally to Extend in 2023
#weekly #2023 #forecast #trading setup That sharp drop in $DXY (US Dollar index) we got in November 2023 is how … Read more
ES-mini: Bulls Can Push Higher Before a Bearish Reversal
#trading setup #bearish reversal #one more push higher #micro update In the Weekend update I reaffirmed my bearish expectations for … Read more
NQ: Macro Update: Looks Bearish
#trading setup #macro #daily #corrective Off the October low Nasdaq produced a wek (a) up, (b) down, (c) up bounce … Read more
ES: Weekend Update
#weekend #toppying #threewavepullback #trading #tradingsetup ES-mini futures is about to top in a corrective three wave up rally off the … Read more
NQ: Bears Have a Setup for 6% Decline
The Bearish Daily count argues that the (a)-(b)-(c) up bounce off the October low got completed and bears have a … Read more
Dow-mini: Bears Need to Break Under 33,500 to Start a Big Move Down
An FLD (or future line of demarcation) is an instrument suggested by J.M.Hurst. In essence its just High, Low, Close … Read more