CastAway Trader
CastAway Trader Predict the Next Market Move

New Video: ES & NQ: When To Sell This Bounce?

Happy Saturday, Friends!
All beaches are still closed and I channel my energy into video production!
Yesterday I recorded a new video. I started at 7 AM and finished at 4.30 PM. So Good Friday turned into a regular working day!

Please Watch My New Video:
“ES & NQ: When To Sell This Bounce?

Both ES and NQ futures together with the relevant ETFs SPY and QQQ have been nicely following the Five Wave up fractal since the lows of 2009. That fractal suggests that every trending market follows a specific pattern. The stock market topped in a macro wave ( 3 ) up and started a major correction in February 2020. Since then it has been in a corrective pullback of wave ( 4 ) down. That essentially means that there should be another final wave ( 5 ) up making a new all time highs after completion of that pullback.

To identify a completion of that major correction we need to refer to so called “Regular Flat” corrective structure. That is a typical pattern played by the stock market in corrective moves like we have now. Under that fractal, the corrective wave ( 4 ) down that started in February 2020 should have three waves: ( A ) down ( completed in February), ( B ) up ( can be completed in April), and, the final decline in wave ( C ) down.

In this new video I explain why the rally we have been watching last week was the final subwave -C of wave ( B ) up. I show levels of resistance on price charts of $ES, $NQ, SPY and QQQ that may stop that rally.

New Video posted on my YouTube Channel!

I am going to stream tonight at 9.30 PM EST.

I will be streaming on my YouTube channel.

JOIN MY LIVE STREAM ON SATURDAY NIGHT!

You will be laughing but I have a goal to get to 1,000 subscribers on YouTube.
I would encourage you to help me reach that goal.

Please subscribe to my YouTube channel and Like My Video!!!

Please Subscribe to My YouTube channel!

Previous Updates:

Important Disclaimer

CastAway Trader LLC, the publisher of this web-site and videos is not registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority. Users of the website www.castawaytrader.com and viewers of the videos are advised that all information presented on the website is solely for informational purposes, is not intended to be used as a personalized investment recommendation, and is not attuned to any specific portfolio or to any user’s particular investment needs or objectives.

Trading stocks, options, or futures carries a high level of risk, and may not be suitable for all investors. Before deciding to trade, you should carefully consider your objectives, financial situation, needs and level of experience. CastAway Trader LLC provides general overview of trading methods that does not take into account your objectives, financial situation or needs. The content of this website must not be construed as personal advice. All trading setups and/or trades presented in the web site and/or trading chat room by CastAway Trader an/or by other members of the chat should be considered hypothetical for educational purposes only and should not be expected to be replicated in a live trading account.

An investor could potentially lose all or more than the initial investment. You should not speculate with capital that you cannot afford to lose. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style.

You should be aware of all the risks associated with trading. You should seek advice from an independent financial advisor.

Any information posted on this web site is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. All users of the website must determine for themselves what specific investments to make or not make and are urged to consult with their own independent financial advisors with respect to any investment decision. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. All opinions, analyses and information posted on the website are based on sources believed to be reliable and written in good faith, but should be independently verified, and no representation or warranty of any kind, express or implied, is made, including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. In addition, CastAwayTrader LLC and its officers and employees undertake no responsibility to notify such opinions, analyses or information or to keep such opinions, analyses or information current. Also be aware that the owners, officers and employees of the web site www.castawaytrader.com may have long or short positions in securities that may be discussed on the website, Premium Trading Chat room and/or in the videos posted by CastAway Trader LLC.

Past results are not indicative of future profits.

Login