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.


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!

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