Category Archives for NinjaTrader Indicators

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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Elliott Wave Update – ES – June 8, 2021

Tuesday’s trade saw the ES come within 1.25 points from the existing all time high reaching 4236.75 before bolting lower reaching session lows at 4205. It is possible to consider the small wave 2 correction complete at that low, but as in the NQ the rally off of the low appears best viewed as a […]

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Elliott Wave Update – NQ – June 8, 2021

Tuesday’s trade was picture perfect if you enjoy large swings off of highs that fit current analysis.  As left on last night’s update I was looking for a small 4th wave correction and then a 5th wave up to 13875 resistance and with enough push above 13900.  Got it all within the first few minutes […]

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Elliott Wave Update – ES – June 7, 2021

Monday’s trade to hold to current analysis.  Market was slower today and the ES traded under lite volume.  Nonetheless the ES appears to be on track to continue to move higher.  Yesterday’s analysis did include smaller pullbacks and that is what we saw today.  If the small correction is complete at today’s lows expectations would […]

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Elliiott Wave Update – NQ – June 7, 2021

Monday’s trade followed current analysis pretty much to a “T.”  After reaching the high on yesterday’s Globex opening the NQ dropped into a small 4th wave correction within the first 5 wave sequence up.  Wave 5 of the sequence is also subdividing. But we did get the close above 13800 which is needed to support […]

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Elliott Wave Update – ES – June 6, 2021

Friday’s trade gave us much needed support in that the minute wave 4 correction is complete at Thursday’s low. This then suggests that minute wave 5 is underway and remains in the process of tracing out the first 5 wave sequence higher which would be labelled sub minute wave 1 – expectations would then be […]

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Elliott Wave Update – NQ – June 6, 2021

Friday’s trade did give support to the minute wave 4 correction being complete and the next 5 wave sequence up being underway. The launch off of the Friday’s globes low was exactly what I needed to see to bring confidence from the market on the buyers being back in control. Yes, stranger things have happened […]

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Trade Room Update – Starting June 21, 2021

Logical Signals / Candlelight Trading Room I’ve have received several requests from interested traders on how they can join a Logical Signals Trade Room.  I have some GREAT NEWS!  LogicalSignals  and Candlelight Trading are joining together in starting the Trade Room  with a start of June 21, 2021.  Allow me to start by sharing about […]

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Elliott Wave Update – ES – June 3, 2021

Thursday’s trade while throwing a slight curve ball did hold within parameters for current analysis.  Currently I am counting a ‘c’ wave down as part of a double a-b-c structure to form a minute wave 4 correction.  The market did drop to support at 4165.25 before moving higher again.  Today’s low may have completed the […]

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Elliott Wave Update – NQ – June 3, 2021

Thursday’s trade threw a bit of a curve ball in terms of what took place versus expectations.  I had included on yesterday’s update the potential for the NQ to decline but felt that it should be held at the 13600 level.  In fact, I had moved additional decline to the alternate view in favor of […]

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Elliott Wave Update – ES – June 2, 2021

Wednesday’s trade resembed Tuesday’s trade in that the ES moved to session highs early and dropped quickly to session lows before spending the balance of the session moving higher again.  I have update the labelling to show that the ES is also tracing out a double a-b-c structure to complete minute wave 4.  I’ve left […]

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