$ES #ES-mini #Elliott Wave #trading setup In my weekend update posted on Sunday afternoon we correctly predicted that move down. We have been tracking two different bearish scenarios. Both scenarios argues for ES to roll over and produce a corrective a-b-c move down. But those scenarios argue for a corrective pullback of different magnitude: Under … Read more
$ES #Elliott Wave #a-b-c down off the top Under the Very Bullish wave count ES-mini only topped in a subwave -a- of wave -iii- up: ES-mini 120 min chart That wave count argues for a flat and shallow a-b-c down consolidation in a subwave -b- down of wave -iii- up. That flat and shallow consolidation … Read more
$BTC #BTC #Bitcoin On July 3rd I warned subscribers of my Premium Chat room: “We can see a corrective pullback down to 107,600, probably the last chance to buy a pullback.” Bitcoin, 120 min chart, posted on July 3, 2025 Over the weekend bears pushed bitcoin down to the Green Box as we expected. BTC … Read more
$SPX #topping #ElliottWave #trading setup SPX is approaching a perfect confluence of two fibs at 6,222. SPX has made enough micro waves to make a top: SPX cash index chart, 120 min There are are two targets for a corrective (a) down, (b) up, (c) down structure: target 1 = 6,080 and target 2 = … Read more
$BTC $BTCUSD #Bitcoin I am watching an attractive long setup forming before our eyes: BTCUSD 120 min chart I expect BTC to produce a five wave up rally off the last low made on June 22. That rally shall be able to reach 135,000. As any five wave up rally we try to locate a … Read more
$SPX #SPX500 Today marks the first trading day of a new month. Let’s see if volatility returns to the market today or tomorrow. The key level of support remains the February 2025 high at 6,166.50.The S&P 500 has stretched higher, and the microstructure of the final subwave (c) of wave (v) up appears complete. SPX … Read more
#ES #Elliott Wave Despite broad bearish sentiment, ES continues its slow grind upward. S&P Cash Index 15 min chart 🟢 Key support to watch: Bears need to break below the most recent low (for SPX the low is 6,132, for ES-mini that low is 6,183 – see the chart below) to give us the first … Read more
#GC #long setup This bullish macro wave count of Gold that considers that drop as a subwave B down of wave 5 up: GC Daily chart That wave count allows bulls to start a new big rally in a suwbave C of wave 5 up targeting 3,827 – 3,920. The first confirmation of that wave … Read more
$ES $SPX #Elliott Wave #trading setup The quick drop on Friday afternoon could be counted as a micro wave iv down that can be followed by one more push higher in a micro wave v up: SPX 15 min chart Note that the key resistance level for the S&P 500 cash index remains the February … Read more
$ES #ES #Elliott Wave #trading signal Two days ago I shared with you the accelerated Very Bullish scenario: ES-mini 30 min chart I noted: “Now a break back over 6,155 would trigger a rally up to 6,256.“. Today ES has arrived at the target . Let’s update that Very Very bullish scenario. But before we … Read more
#ES #SPX #Elliott Wave yesterday we noted a complete looking shallow and flat -a-b-c- down consolidation: …that is a very shallow bullish looking consolidation. Now a break back over 6,155 would trigger a rally up to 6,256… ES-mini 30 min chart I highlighted that -a-b-c- down pattern with the yellow rectangle. When a strong impulsive … Read more
$SPX $NQ #topping #top #a-b-c- down off the top In my morning report I shared a very very bullish wave count of Es-mini futures. However, there is a much less bullish wave count. Both, SPX and NQ can be counted in that topping way: S&P 500, cash index, 120 min chart zooming-in: SPX 120 min … Read more
$ES #ES-mini #Elliott Wave #trading setup The Very bullish scenario assumes ES-mini has started an accelerated rally in a subwave (c) of wave ( iii ) up. Here we got a micro push down that could be counted as a subwave -c- of wave -ii- down: ES-mini 30 min chart Now a break back over … Read more
$ES #ES #Elliott Wave We can count that move up off the April’25 low as an ufolding five wav eup structure: ES-mini 30 min chart Note that ES has broken out over the Monthly resistance 6,051. We can measure the Month Opening Range and add a 100% projection upward. That gives us a target 1 … Read more
$ES #ES #Elliott Wave On Sunday evening bears manage to make a new lower low. In October 2022 ES-mini produced a very similar “three drives down” corrective pattern that made a major low: ES-mini Daily chart, 2022 You can see three overlapping legs down that made a major bottom in Oct’2022. And you can see … Read more
$ES #ES #trading setup #Elliott Wave We got a corrective three wave decline that almost hit the Green Box: ES-mini 30 min chart ES reclaimed the Daily support 6,017. The picture looks bullish. That consolidation built a base for another push higher. Let’s look at the big picture on a daily chart: ES-mini Daily chart … Read more
$ES #ES-mini #Elliott Wave Today the US stock market is closed. Let’s review the overnight decline in ES-mini futures. ES futures have been following the red path down we discussed yesterday. Let’s discuss two two bullish macro interpretations of the rally off the early April’25 low. ES-mini Daily chart The first wave count considers the … Read more
$ES #ES-mini #triangle ES continues to consolidate in a narrow range squeezed in between of two contracting trend lines: ES-mini 30 min chart We can count that consolidation as a triangle composed of a-b-c-d-e five subwaves. Normally, a completed triangle shaped consolidation is followed by a strong breakout driven by all the energy accumulated inside … Read more
$ES #ES-mini #short setup Bears need to break under 6,051 level to trigger another wave of selling targeting the Green Box. ES-mini 30 min chart For ES-min the key support for today is the broken daily resistance 6,038.
$ES #ES-mini #Elliott Wave I do not think bulls are ready for another run. I still expect a bigger consolidation or pullback in a subwave B down of wave 5 up that needs to build a proper base for another strong leg up into the July 4th. ES-mini 30 min chart If bears stop this … Read more
#NQ #Elliott Wave #trading setup #short setup It really makes sense to count the high made last week not as the top of wave (v) up but rather as the top of (iii) up: NQ-mini 120 min chart In that case I would expect to get a corrective wave (iv) down targeting 21,325 – 21,075 … Read more
$NQ #breakout Bulls managed to reclaim the Monthly Resistance 21,803: NQ-mini 30 min chart That opens the door for a rally up to 22,570 – 22,700 in a subwave (c) of wave ( v ) up!
$ES #Running Flat #rally extension Overnight, ES dipped to key milestone support at 5,928 before rebounding sharply to test the Monthly Resistance at 5,999. We are now at a critical crossroads. If bulls can reclaim and hold above 5,999, we will count the quick overnight a-b-c drop as a subwave -c- of a corrective wave … Read more
$ES #Ending Diagonal ES-mini got the final push higher in a subwave (c) of wave ( v ) up completed yesterday. Note that the final five waves up came up in between of two contracting trend lines. Traders who practice the traditional Elliott Wave theory call that pattern the Ending Diagonal. That pattern gets resolved … Read more
$ES $SPX #Elliott Wave #trading setup #one-more-oush-higher The overnight pullback failed to break under the 5,999 Monthly Support. The failed breakdown attempt triggered yet another long “failed breakdown” setup. ES-mini 30 min chart S&P cash index has the identical wave count: SPX 15 min chart Ideally bulls squeeze one more push higher to complete the … Read more
$SPX $S&P #Ending Diagonal #topping S&P cash index has the cleanest wave count at this point: S&P 500, Daily chart That wave count considers the rally off the April’25 low as some subwave A of wave 5 up that is supposed to re-test the Feb’25 top (6,147). zooming-in: SPX, Daily chart What that chart tells … Read more
$ES #ES-mini #Month Opening Range Bulls pushed ES-mini over the Monthly Resistance 5,999: Then price came back down and re-tested the broken-resistance-turned-support twice. ES-mini 30 min chart Bulls are still in control but they have to start pushing ES to its upper Red Target box. We can micro count that meandering action over the Monthly … Read more
$ES #SPX #Elliott Wave I am looking for an interesting micro bearish scenario: ES-mini 120 min chart The last major high was made by the top of teh subwave (a) of wave ( iii ) up on May 19. Then we got a quick pullback that looked like a subwave -a- down (in a corrective … Read more
$ES $NQ #breakout Break over 5,999, the Monthly Resistance, would confirm that the wave -ii- down has bottomed and a new rally in a wave -iii- up has started: ES-mini 120 min chart If bulls manage to push NQ over the Monthly Resistance 21,803 we will have to conclude that the consolidation got completed and … Read more
$ES #Month Opening Range Yesterday we got the Month Opening Range completed: The idea behind that indicator is that once price breaks over the Monthly Resistance, the top of the range created during three first trading days of a month, price kicks into an up trending move. Let’s look at how price interacted with the … Read more
#ES-mini #S&P500 #Elliott Wave We can count the rally in the cash index S&P 500 as a five up rally: SPX 120 min chart zooming-in: SPX chart 120 min That wave count allows bulls to push S&P higher up to 6,222 to retest the top made in Feb’25. ES-mini is futures that is traded almost … Read more
#Bitcoin #long setup I count a large (a)-(b)-(c) down move made by Bitcoin in May’25 as a corrective subwave B down f wave 5 up. I expect a five wave up rally in a subwave C of wave 5 up to unfold next. Bitcoin, 15 min chart There is an attractive -i- up, -ii- down … Read more
$ES #NQ $NQ #Elliott Wave #trading setup Bears may produce one more push lower in both Es-mini and NQ-mini to complete a micro -a- down, -b- up , -c- down corrective structure: NQ-mini 120 min chart Let’s zoom in to a 30 min chart: NQ-mini 30 min chart Now let’s have a look at ES-mini … Read more
$ES #ES-mini #Elliott Wave #trading setup Bulls can consider the early April’25 low as the bottom of the subwave B down of wave 5 up: ES-mini Daily chart In that case this move up is an unfolding five wave up rally in a subwave C of wave 5 that has to make a substantially higher … Read more
$ES #ES-mini #long setup #breakout #accumulation We got a compete looking bearish correction, the -a- down, -b- up, -c- down structure: ES-mii 30 min chart Bulls need to push ES over the red resistance 5,923 to confirm the bullish reversal. That -a- down, -b- up, -c- down corrective structure shaped as the Running Flat allows … Read more
$NQ #NQ-charts #Accumulation #long setup NQ Analysis – Potential Running Flat & Accumulation Pattern in Play NQ has just tagged the upper boundary of the Green Box, completing a precise 76.4% extension of subwave -a- down. In other words, the second leg down (subwave -c-) is only 76.4% the size of the initial leg down … Read more
#ES #trading setup #Inverse Head and Shoulders #long setup We can perfectly count the overnight surge as a micro wave b up and the pre-market drop making a higher low as a subwave c of a wave ii down: ES-mini 15 min chart That is a great long setup for bulls to start an accelerated … Read more
$NQ #trading setup #Elliott Wave #a-b-c down Under the bullish scenario we have been expected a corrective a-b-c down consolidation in a subwave (b) down of wave ( iii ) up: NQ-mini Daily chart Normally, the subwave (b) down of wave ( iii ) up has a clean -a- down, -b- up, -c- down subdivision. … Read more
$ES #ES-mini #Elliott Wave #trading setup Yesterday I noted that bears may lose another battle if they allow bulls to reclaim the 5,895 resistance: If they fail and price comes back up over 5,895 that would be a decent confirmation that the wave (b) of ( iii ) down bottomed on Fri morning and we … Read more
#NQ $NQ #Elliott Wave We can count the move up off the Friday low as a micro wave -i- up, and the shallow consolidation that followed as a corrective -a- down, -b- up, -c- down structure of the wave -ii- down shaped as the very bullish Running Flat corrective structure: NQ-mini 30 min chart To … Read more