Elliott Wave Update – ES – June 24, 2021

Thursday’s trade was profitable for swing traders, day traders and everything in between.  The ES continues to move ahead within the framework of a minute wave 5 advance.  Within wave 5 it appears that sub minute waves 1 and 2 are complete with sub minute wave 3 also subdividing and needing a finishing 5th wave […]

Continue reading

Elliott Wave Update – NQ – June 24, 2021

Thursday’s trade was ‘bountiful” in that there were plenty of profitable trades for swing traders, day traders, scalpers and everything in between.  The NQ does appear to have completed the sub sub minute waves 3, 4, and 4  of sub minute wave 3. This suggests that off of the new high at 14422 the market […]

Continue reading

Elliott Wave Update – ES – June 23, 2021

Wednesday’s trade was quietly range bound.  The ES did make a new high to complete wave 1 of 3 during globex and spent today’s session tracing out wave 2 of 3, which looks to need a bit more downside to complete – I would not be looking for strong downside with the 4227  to 4216 […]

Continue reading

Elliott Wave Update – NQ – June 23, 2021

Wednesday’s trade was quietly range bound.  The NQ did however put in an additional all time high at 14315.75. The Elliot count remains in line with wave 3 of 3 completing at the high and wave 4 of 3 in progress now.  It appears an additional “c” wave down is needed to complete the small […]

Continue reading

Elliott Wave Update – ES – June 22, 2021

Tuesday’s trade did reveal enough that the ES was again moving higher in a 5 wave sequence.  This has in turn put the two downside scenarios on the sidelines for now.  Within minute wave 5 it appears that waves 1 and 2 are complete with wave 3 underway.  Wave 3 is also subdividing and that […]

Continue reading

Elliott Wave Update – NQ – June 22, 2021

Tuesday’s trade was exactly what we needed to eliminate the 2 downside scenarios for.  The NQ did pick up the rally again after giving the obligatory “head fake” opening to the downside briefly. Once the buy side was established the market had little trouble moving to the previous high at 14205 and once thru it […]

Continue reading

Elliott Wave Update – ES – June 21, 2021

Monday’s trade again produced a situation where the ES and NQ were not in total sync.  Initially ES did drop along with the NQ , but soon caught fire as the buyers moved back into the broader market. Elliott labelling remains unchanged for now, but the upside and downside scenarios continue to carry equal probability […]

Continue reading

Elliott Wave Update – NQ – June 21, 2021

Monday’s trade was initially a battle of the algorithms in that the opening drove prices to session lows at 13957 within the first 30 minutes which was followed by a rally to early session highs at 14133. All scenarios previously discussed remain equal on the probability scale. At last count there are 2 scenarios for […]

Continue reading

Elliott Wave Update – ES – June 20, 2021

Friday’s trade continued to hit the ES hard with the market dropping below levels which negated upside for now.  The market reached Fibonacci support at 4140 which would allow for a completion point for a small wave IV correction.  The problem is while the Elliott count remains valid the move itself is pushing against being […]

Continue reading

Elliott Wave Update – NQ – June 20, 2021

Friday’s trade gave us a new all time high during Globex at 14204.75 and a strong over 100 point downdraft back to the 14000 area.  I’m leaving the current labelling as is for now.  Off of the 13830 low from last Wednesday the market has zipped higher but even with the new highs the structure […]

Continue reading

Elliott Wave Update – ES – June 17, 2021

Thursday’s trade in the ES was for the most part “polar opposites” with the NQ. The ES did move down and create a new low below yesterday’s regular session low.  Thursday’s trade in the ES was dragged lower by heavier selling outside of the tech sector. Nonetheless, the Elliott labelling hasn’t changed outside of moving […]

Continue reading

Elliott Wave Update – NQ – June 17, 2021

Thursday’s trade was very in line with my current analysis that was included yesterday’s update, But – I was not giving it more than a 35% probability of occuring.  Once the moving averages got insync it was “to the moon Alice” as the NQ had no problem flying thru higher resistance and creating new highs […]

Continue reading
1 2 3 25