NQ-mini: Bulls Invalidated the Bearish Count and Made our Santa’s Rally the Primary Path
The Weekend Update The previous Weekend Update outlined two scenarios, the Bearish and the Bullish ones. On Friday I updated … Read more
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ES-mini: Did Friday Rally Invalidated the Bearish Scenario?
The Weekend Update Let’s review two alternative Macro Counts based on Daily charts of ES-mini futures. (1) We will start … Read more
NQ-mini: Attractive Short Setup
We have an attractive short -i- down, -ii- up setup with a tight protective stop over 11,328:
S&P 500: Macro Update: Two Bearish Scenarios
We have two alternative counts in SPX. Both are bearish. Let’s starts from the (i) Optimistic Bearish Scenario: Under the … Read more
ES-mini: Bulls Failed to Break Over Resistance But Managed to Keep the Bullish Scenario Alive
On Thursday bulls failed again to climb over 3,734. Below I show you the bearish scenario where ES is slowly … Read more
Crude Oil: Looks Ready to Break Out
Crude looks strong today and vastly outperforms equities. To confirm a bullish reversal crude has to climb over 85.57. Once … Read more
We Continue Tracking Two Very Different Scenarios for ES-mini here
Let’s review the bearish wave count first: Off the low labelled (a) down we got an a-b-c move up labelled … Read more
NQ: MACRO UPDATE: We still have to consider two very different paths.
Let’s start from reviewing the Bearish Path: Under that count the -a- up, -b- down, -c- up whipsaw that has … Read more
ES-mini: Rallied As Expected and Hit the Red Target Box
As we expected yesterday, bulls pushed ES overnight and hit our target at 3,745. Let’s first review our Bearish scenario: … Read more
ES-mini: Produced a Strong Bounce, What Comes Next?
In my weekend update I correctly predicted a bullish bounce: Under that bearish wave count I expected to get an … Read more
Crude Oil: Testing the Green Box
Crude Oil drew a bullish descending wedge over the period from June to September 2022: Crude broke out of that … Read more
Silver: Started a Flat Consolidation to Be Followed by The Final Flush
Silver seems having started a corrective flat a-b-c up consolidation in subwave (b) up of wave (v) down: That is … Read more
ES-mini: The Weekend Update: My Green Box is Located 200 points Lower
The Weekend Update Let me share two important inputs that we should take into consideration before we start working on … Read more
ES-mini: Bulls Violated the Critical Resistance
To confirm completion of the rally, bears need to push ES back under the June low = 3,655.75: In contrast, … Read more
S&P 500:
Played the Bounce
We Predicted
Yesterday I posted that scenario for S&P 500 cash index: I noted that “the Very bearish Daily count allows bulls … Read more
$ES-mini: This Rally Completed a Corrective Bounce
In my previous updates I expected another push higher in subwave c up. We got that rally but only after … Read more
RTY-mini: the Short-Squeeze Rally Does Not Change the Bearish Count
RTY still holds inside the yellow box for a corrective consolidation: I count that rally as subwave c of a … Read more
NQ-mini: The Target for This Drop is 10,000 – 9,800
In mid September we got a shallow a-b-c up bounce in subwave -b- up followed by another drop (see the … Read more
ES-mini Broke Under Strong Support
A tight consolidation in ES-mini was followed by a strong drop caused by CPI release at 8-30 AM EST on … Read more
$SPX: Even The Very Bearish Count Allows Bulls Another Dead Cat Bounce
Quite often ES-mini (futures that are traded overnight) and the original S&P 500 index (calculated only during regular trading hours) … Read more
RTY-mini: Bears Have a Setup to Drive it Down to New Lows
RTY has a clean bearish wave count: Bears can drive RTY down 1,652 – 1,600 in subwave c of wave … Read more
Silver: Can Drop 20% To Approach My Target
No change in the bearish Harmonic Elliott wave count of silver. During July – October 2022 silver produced a flat … Read more
$ES-mini: Trading Plan A and Plan B for Wednesday
In the evening update I noted that ES may bounce before breaking down under 3,571. This morning we got a … Read more
$ES-mini:
Will We Get Another Bounce
Before the Breakdown?
We still have two main scenarios on the table. I still favor the bearish scenario arguing for a breakdown under … Read more
NQ-mini:
I expect a corrective bounce
before the next big leg down begins
The five wave down structure off the high made last Friday looks having completed: As long as bulls hold NQ … Read more
ES-mini:
The Primary Bearish Scenario
Argues for a Breakdown
Let’s first start from reviewing the Bullish low probability scenario. As long as bulls hold ES over 3,571: (i) the … Read more
RTY-mini:
I expect another slide down
this week
I expect RTY-mini futures to break under Sep’22 lows in an a-b-c down structure (with a shallow pullback in subwave … Read more
NQ-mini:
The Morning Bounce
Looks Like
a Short Setup
This is how the primary bearish scenario looks like: We may be dealing with a corrective pullback digesting sharp decline … Read more
NQ-mini:
To Kill the Bullish Macro Scenario
Bears Need to Make
A New Lower Low of 2022 year
The Weekend Update Let’s start from a primary MACRO Bearish Scenario for NQ-mini: Under the Macro Bearish count in NQ, … Read more
ES-mini:
How Bulls Can Save
the Bullish “Santa’s Rally” scenario
The Weekend Macro Update. Every weekend I outline most probable macro scenarios, potential paths for upcoming months. In this update … Read more
ES-mini:
A breakdown confirms
that a corrective pullback topped
ES-mini dropped under support 3,695 and by doing that invalidated teh bullish count for one more push higher and confirmed … Read more
Crude Oil
Continues to Outperform
As Expected
Crude Oil broke out of a bullish ascending wedge: I expect a corrective -a-b-c- down pullback in wave -ii- down … Read more
ES-mini:
Dropped on NFP release,
is testing a critical support
This morning Non-farm payroll data release caused spike down in futures. ES-mini dropped deeper into the Green Box: ES has … Read more
ES-mini:
Dropped to the Green Box
As Expected
This is the ES-mini 120 min chart with expected path I posted in my evening update yesterday: The expectation was … Read more
RTY-mini:
To Complete A Pullback
We Need One Push Higher
I consider that move up a corrective bounce in wave X up: You can compare two charts above and see … Read more
ES-mini: Declined as Expected,
Found Support at the Green Box
As we predicted on Wednesday evening, ES-mini turned down and declined overnight. On Thursday morning bulls tried to start a … Read more
ES-mini:
My Preferred Scenario
My primary scenario is that ES is in a corrective wave X up: The first argument i favor of that … Read more
GDX: This Rally
Has Room to Go Higher
Yesterday I posted a macro chart that argued that gold miners ETF GDX made a lasting bottom: In the macro … Read more
$ES: Bears Failed to Start
A Big Decline:
What’s Next?
To keep alive the bearish setup under the completed Expanding Triangle scenario bears had to keep ES at all times … Read more
Crude Oil:
A Corrective a-b-c Pullback
Would Be a Long Setup
Crude Oil still holds inside the bullish looking descending wedge: That move up into the upper egde of that wedge … Read more