Elliott Wave Update – ES – June 16, 2021

Wednesday’s trade was initially revealing but by the afternoon became extremely revealing!  Initially, the ES appeared to be finished with the corrective sequence I was tracking and had begun the next 5 wave sequence up — HA – The best laid plans were promptly rejected by the market as the sellers caught some wind and […]

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Elliott Wave Update – NQ – June 16, 2021

Wednesday’s trade was initially revealing but by the afternoon became extremely revealing!  Initially, the NQ appeared to be finished with the corrective sequence I was tracking and had begun the next 5 wave sequence up — HA – The best laid plans were promptly rejected by the market as the sellers caught some wind and […]

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Elliott Wave Update – ES – June 15, 2021

Tuesday’s trade was a handful to trade. Slow trade with pockets of run ups and slides lower.  But this fits neatly into what expectations are for this week as we move towards Friday’s quadruple expiration.  Today’s downside though, did move below levels I would not expect for the count that was in place — but […]

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Elliott Wave Update – NQ – June 15, 2021

Tuesday’s trade was a handful to trade. Slow trade with pockets of run ups and slides lower.  But this fits neatly into what expectations are for this week as we move towards Friday’s quadruple expiration.  Today’s downside though, did move below levels I would not expect for the count that was in place — but […]

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Elliott Wave Update – ES – June 14, 2021

Monday’s trade was informative for me as the ES and NQ somewhat “decoupled” as the ES dropped and the NQ rallied.  I knew it could occur but I was determined to fine tune it by pinpointing what was doing it — and today it was mostly due to the rally in AAPL.  But back at […]

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Elliott Wave Update – NQ – June 14, 2021

Monday’s trade was for the better part of the session “user friendly,” by staying with my current analysis and following thru on reaching new all time highs.  The Elliott count remains the same but the degree levels have dropped to sub sub minute. I am still counting 5 wave sequences up with 3 wave sequences […]

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Elliott Wave Update – ES – June 13, 2021

Friday’s trade initially did follow what I was looking for analysis wise.  However, the ES failed to make a new under 4218 which has left an ominous 3 waves down off of the Thursday’s highs at 4243.  This in turn brings about the potential for a more prolonged small wave 2 correction off of last […]

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Elliott Wave Update – NQ – June 13, 2021

Friday’s trade continued to work higher within current analysis.  The NQ did complete the small correction during the morning session with the rally picking up again.  We are currently within the final minute wave 5 up, which is subdividing into its own 5 wave sequence and within that 5 wave sequence also subdividing.  This can […]

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Elliott Wave Update – ES – June 10,2021

Thursday’s trade was a complete win/win situation.  Expectations were that I was looking for the ES to drop to a new low under 4205 to complete the small wave 2 correction – today’s globex low was 4207. I was then looking for a launch type move off the low to give support and credence to […]

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Elliott Wave Update – NQ – June 10,2021

Thursday’s trade was picture perfect and hit the mark on several levels.  Coming in today I was expecting some additional selling to push the NQ to a new low under 13741 to complete the small wave 2 correction — the low came in at 13726 just before the opening. I was then looking for a […]

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Elliott Wave Update – ES – June 9, 2021

Wednesday’s trade did not offer any changes to current analysis.  What I did find a bit interesting is the pattern over the last two days in a “second verse same as the first” fashion.  Both days the ES reached sessions high early and then proceeded to sell off. Today a bit less than Tuesday.  This […]

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Elliott Wave Update – NQ – June 9, 2021

Wednesday’s trade was singing that oldie but goodie from Led Zeppelin “The Song Remains the Same” since yesterday’s opening. Guess I could say “second verse same as the first” but that would be pushing it — The NQ sits in the same position in that I am continuing to look for an additional drop to […]

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