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 […]
Continue readingElliott 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 […]
Continue readingElliott 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 […]
Continue readingElliiott 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 […]
Continue readingElliott 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 […]
Continue readingElliott 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 […]
Continue readingTrade Room Update – Starting June 21, 2021
Logical Signals Trade Room Starting Soon I’ve have received several requests from interested traders on how they can join a Logical Signals Trade Room. I have some GREAT NEWS! The Logical Signals Trade Room will start on June 21, 2021. Allow me to start by sharing about me: Michael Filighera I have been involved with […]
Continue readingElliott 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 […]
Continue readingElliott 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 […]
Continue readingElliott 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 […]
Continue readingElliott Wave Update – NQ – June 2, 2021
Wednesday’s trade produced a similar pattern to Tuesday’s trade in that the market opened and pushed to the session high within the first hour and then put in a drop to session lows. This was followed by a steady rally into the close. For the preferred count it does give the chance to move the […]
Continue readingElliott Wave Update – ES – June 1, 2021
Tuesday’s trade continued to hold the ES basically in a box even though it did extend the upper end of the box to 4230 this morning. While the nature of the move off of last Monday’s highs remains correction, the ES did fail on building a 5 wave sequence off of the globex low on […]
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