$ES #ES-mini #Elliott Wave The bullish scenario assumes that the low made in early April was the bottom of a corrective pullback. Based on that assumption the bullish scenario argues for another five wave up rally targeting the new all time high. We can count that unfolding move up as an impulsive five wave up … Read more
#ES $ES #Elliott Wave #trading setup #Elliott Wave Weekend Market Update: ES-mini 30-Minute Chart Outlook Here is the current structure on the ES-mini 30-minute chart: ES-mini 30 min chart As shown, I am tracking two alternate wave counts on the chart. 🔴 The dark red labels outline a clean corrective structure: 🟢 The bullish alternate … Read more
$NQ #NQ-mini #closing week Yesterday we correctly predicted NQ to plunge: NQ-mini 30 min chart posted on Thursday, May 23, 2025 This morning NQ plunged as we expected and tagged the Green Box: NQ-mini 30 min chart Note that NQ momentarily crossed the key support but swiftly reclaimed that micro support level. This is what … Read more
#ES #Elliott Wave #trading signals Yesterday I concluded my afternoon update with bearish prediction: “Bulls produced an overlapping textbook corrective three wave bounce. We can count it as a completed corrective wave -b- up. Now bears have a decent short setup to ride a wave -c- down.” I recommend you to join my Telegram channel … Read more
$ES #ES-mini #trading setup #Elliott Wave We are getting a bounce up off the Green Box. I think the a-b-c move down was a wave -a- down that will be followed by a corrective bounce / consolidation in a micro wave -b- up. ES-mini 120 min chart A strong resistance will be 5,893.50, a 50% … Read more
$NQ #NQ-mini #trading setup #Elliott Wave That pop looks like a textbook subwave c in a corrective a up, b down, c up structure shaped as a very bearish running flat corrective structure, a consolidation that builds a base for yet another strong move down: NQ-mini 30 min chart Below is a micro analysis based … Read more
$ES #Eliott Wave #trading setup #a-b-c up off the low Bears finally has broken under the first micro support 5,892.75 and by doing that they provided us with a confirmation that ES has made some top: ES-mini 120 min chart In the most bullish interpretation ES has topped in a subwave (a) of wave ( … Read more
$NQ #NQ-mini #Macro The Bullish Macro scenario allows bulls to produce a five wave up rally off the early April low: NQ-mini 120 min chart If we zoom-in to a 30 min chart we can see that Bulls are squeezing the final push up in a subwave -c- of wave -v- up out of the … Read more
$NQ #NQ-mini #one more push higher #topping I really would like bulls to push NQ higher one more time to tag the Red Box: NQ-mini 30 min chart Let’s zoom in: I would expect another push higher as long as bulls hold NQ over 21,200. If price drops under 21,200 that would confirm that NQ … Read more
$NQ #Conflicting Scenarios #Elliott Wave The Nasdaq (NQ) is tracing a structure that closely resembles that of the ES-mini (discussed in the weekend update). Bears are still clinging to the possibility of halting this rally at the classic Fibonacci resistance zone—specifically, the 123.6% to 138.2% extension of the initial leg up off the early April … Read more
$ES #ES-mini #Elliott Wave #trading setup It’s always easy to recognize a completed five-wave rally after the fact.But in real time, things get tricky—especially in the early stages of a potential impulsive move. When we see a rally made up of an initial wave 1 up, a wave 2 pullback, and then another strong push … Read more
$ES #ES-mini #Elliott Wave #trading setup 5,972 – 5,980 is a confluence of two extensions that can temporary stop this rally: ES-mini 120 min chart However, note that under that bullish scenario, we count this particular push as a micro wave v of -c- of -iii-. So we can only expect a micro pullback in … Read more
$ES #ES-mini The break over the macro resistance 5,837.25 is a strong indication that the bullish macro scenario is in play: ES-mini 120 min chart That bullish scenario is based on assumption that the early April low was a low made by a corrective three wave down move. That means bulls believe they can produce … Read more
$ES #ES-mini #breakout #Monthly Opening Range In my previous update I warned you: …”PLAN B: If bulls manage to break back over 5,724 I would go long to ride likely extension of the rally with the target 5,819-5,832.“ On Sunday night bulls cracked the Monthly Resistance and that opened the gate for a strong spiky … Read more
$ES #ELLIOTT WAVE #trading setup #short setup Bulls squeezed a slighly higher high on Thursday. But ES closed back under the previos high and back under the Monthly Resistance 5,724.75. ES-mini 120 min chart I maintain my bearish bias. Bears have a setup to turn ES-mini down and test the 5,500 level. Bears need to … Read more
$ES #Month Opening Range Yesterday, I anticipated a classic “pump-and-dump” scenario following the FOMC announcement. However, that move didn’t materialize. Instead, bears re-tested the key Monthly Support at 5,600 — and failed to break below it three times. ES-mini Monthly Opening Range Trading is a zero-sum game. When bears fail to push lower, bulls take … Read more
#FOMC #ES #corrective (a)-(b)-(c) The ES-mini bounced off the early April low in a three-wave corrective structure. So far, wave (c) — the second leg up — has been unusually short, reaching only the 76.4% extension of wave (a), with the full 100% extension target at 5,832.50. This raises a red flag: in a typical … Read more
$ES #ES-mini #Elliott Wave #trading setup The rally run out of gas in the Red Box: ES-mini 120 min chart We got a corrective three wave up bounce off the early April low. Bears need to push ES under 5,600 to confirm bearish reversal. The target 1 / support 1 is 5,448.
$COMPX #Head and shoulders 🧠 Understanding the Instruments: Nasdaq Composite vs. NQ-mini Futures Before diving into the wave count and forecast, let’s quickly clarify the difference between two key instruments many traders watch: 📉 Elliott Wave Count & Macro View I am currently counting the December 2024 high as the top of a large wave … Read more
$SPX #Macro #Weekend The S&P 500 cash index and the E-mini S&P 500 futures (ES-mini) track the same benchmark—the S&P 500—but they differ in how they are used and traded. Analyzing Elliott Wave counts on both the S&P 500 cash index (SPX) and the E-mini S&P 500 futures (ES-mini) is valuable because each instrument provides … Read more
$NQ #NQ-mini #Elliott wave On Tuesday I noted: …“If price manages to break over the red box, it will most likely extend up to – 176.4%ext = 20,483” NQ-mini 120 min chart The red box got broken. Moreover, price came back down and re-tested it from above: NQ-mini 120 min chart Break of one resistance … Read more
#ES #Ellott Wave #trading setup Yesterday I noted: …”At this stage, there’s no sign of bullish exhaustion—buyers look poised to carry ES up toward 5,732–5,747.”… the whole move up off the early April trough is shaped as a corrective (a) up, (b) down, (c) up structure, a corrective reaction to a strong drop. A three wave … Read more
$NQ #NQ-mini #Elliott Wave In my Weekend report posted on Sunday I concluded: “I reiterate my bullish view for NQ to tag 20,000 before we can call that large (a) up, (b) down, (c) up corrective structure having completed“. As we expected, NQ has hit the 20,000 level. I would like to repeat another important … Read more
$ES #failed breakdown Yesterday, bears tried to ignite our short-term bearish scenario by piercing the immediate support at 5,497.75, but they couldn’t sustain the breakdown. That failure handed the bulls fresh momentum, allowing ES to climb and test the next resistance at 5,636. Failed breakdowns and failed breakouts remain the most reliable setups in that … Read more
$ES #ES-mini #trading setup We have been considering this path as our primary one: ES-mini 120 min chart It is possible that the wave -b- up topped yesterday at 5,586 resistance. ES-mini 120 min chart Bears need to break back under 5,497.75 support to confirm that bearish scenario. Break under the micro 5,497.75 support opens … Read more
$NQ #NQ-mini This is my favorite forecasting technique in action: NQ-mini 120 min chart We measure a preceding decline from top to the bottom (see the purple line). And then we add negative extensions. The red target box for the subsequent rally should be placed in between of -123.6% and – 138.2% ext. If price … Read more
#ES-mini #Elliott Wave #trading setup Yesterday we discussed two paths for this corrective consolidation: (1) Straightforward path (“one-n-done”): ES-mini 120 min chart (2) More Complex (time burning scenario): ES-mini 120 min chart Let’s talk where this slow grinding move up can stop. My main tool in forecasting potential revresal zones are extensions. There are three … Read more
$ES #ES-mini #a-b-c up #corrective pullback After a sharp drop, the ES-mini found strong support in early April. Since then, price action has been forming a large corrective structure composed of (a) up, (b) down, and (c) up waves. There are two potential ways this pullback could complete. Scenario 1. Straightforward (Less Probable) Scenario: 📈 … Read more
$ES #ES-mini #Elliott wave #trading setups #education #pivots On Thursday evening I posted an update where I shared my target for the Thursday rally and predicted a pullback. Es-mini played by our script: it hit the upper edge of the Red Target box and then rolled over. As we expected, bulls managed to push ES … Read more
$ES #Elliott Wave #trading setup This morning I shared my bullish view: …”The only micro wave count I can see assumes wave -c- of ( y) is shaped as w-x-y structure. In that case bulls should be able to make two more legs up in a of y and then in c of y up” … Read more
$ES #ES-mini #Elliott Wave #trading setup To complete the corrective (a) up, (b) down, (c) up structure off the low made at the beginning of Apr’25 bulls need to push ES over 5,528. Ideally they should push ES-mini higher into the Red Target box. ES-mini 120 min chart The only micro wave count I can … Read more
$ES #ES-mini #Bullish Reversal Yesterday ES-mini followed our bearish path nicely, it broke under support 5,251 and dropped hard more than 100 points towards our green target box: ES-mini 120 min chart It is possible to count the whole corrective -a- down, -b- up, -c- down structure as having bottomed. Our bullish path remains intact. … Read more
$ES #breakdown In my weekend update (see the bearish path) I noted that: …***”Break under 5,251 may be followed by a drop down to 5,110 – 5,000″***. ES has been following the bearish micro scenario. It violated the support 5,251 and started another leg down: ES-mini 120 min chart The path we discussed on Sunday … Read more
$NQ #trading setup #Elliott Wave NQ has a similar wave count to that of ES-mini: NQ-mini 120 min chart NQ has hit the Green Demand zone: NQ-mini 120 min chart This is where it can complete a flat a-b-c down structure of a corrective wave (b) down/. That is a decent long setup for bulls … Read more
$ES #Macro #weekend My Macro wave count is based on the macro bearish assumption that ES-mini // S&P 500 made a lasting top in Dec’2024. Off that top ES-mini produced a five wave down decline. I count that drop as a wave A down that is supposed to be followed by a large bounce in … Read more
#ES #long setup #Elliott Wave #complex correction #w-x-y correction Bears can push ES-mini down one more time to complete the w-x-y down structure: ES-mini 5 min chart We have been expecting that move down. But we also expected that this decline would be followed by yet another rally to 5,700. I have two paths to … Read more
$E #ES-mini #Elliott Wave #trading setup as long as bears hodl ES under the micro resistance 5,498 the pressure should be pointed down: ES-mini 15 min chart Ideally, bears should push ES down to 5,156.75 (the low of the spike at the bottom of the subwave -a- down). Undershot of that level followed by a … Read more
$ES #ES-mini #Elliott Wave What makes a wave b up inside a corrective a down, b up, c down structure a challenge for a trader? That is the nature of that wave which normally takes 2x to 4x times more than wave a down took. In the course of wave a down traders get accustomed … Read more
$ES #ES #Elliott Wave #fake rally This move up has a clean a up, b down, c up subdivision. This is what we want to see behind a wave B up: ES-mini 15 min chart Waves B are very difficult to trade because they literally break the rhythm of the market. Normally a corrective Wave … Read more
$ES #ES-mini #Elliott wave On Friday we tracked a grinding move up into the Red Supply zone ES-mini 15 min chart posted on Friday As you can see, the higher red line pointing down started from inside the Red Zone. So we expected that price could spike into the Red Zone. Tonight the low liquidity … Read more