About Princely Mathew

Princely Mathew Princely Mathew hosts The Smart Money service at ElliottWaveTrader, providing directional analysis on the S&P 500 and GDX/Miners based on proprietary indicators on options trading activity. Princely, who has been actively trading since 2003, was the second-place finisher in the 2015 World Cup Championship of Futures Trading®. (Registered mark of Robbins Trading Company's affiliate Robbins Financial Group.) Trading part time initially, Princely used to work within the IT industry in various organizations until 2012 before switching careers to become a full time trader. He also offers expertise in Open Interest Analysis, Yield and Market Internals/Breadth work and Hurst Cycles analysis, contributing this analysis in Avi's Market Alerts service.

Story Archive

Bears Drop Ball ... Again

Bears dropped the ball once again, and with that most of our models were forced back into buy signals again before the weakness on Friday pushed us out of our trading longs right at the end of the week.
by Princely Mathew - 1 week ago

Market Plays Into Our Path, Rallying Into OPEX

If we do get a dip over the next few weeks, it should be another opportunity to get long the market for a year-end rally.
by Princely Mathew - 3 weeks ago

Positioning Along Path Of Least Resistance

I noted in my weekend update last Sunday that I expected a rally in the 3040's last week, and the S&P 500 did that and more.
by Princely Mathew - 1 month ago

Buy Signals Still Intact Though Not Very Strong

Most of our models continue to be on buy signals, although not a very strong posture from any of them.
by Princely Mathew - 1 month ago

Higher Odds to Bullish Breakout Scenario

I am inclined to give the bullish breakout scenario higher odds this weekend. Above 2990/95 on the Emini S&P 500 (ES) would indicate a breakout to all time highs and beyond.
by Princely Mathew - 1 month ago

Very Brief Window Of Opportunity For Bears

We have to be open to the idea that the low is already in on this correction, with the bears having a very brief window of opportunity to take control back.
by Princely Mathew - 2 months ago

Slight Edge to Bears

Based on everything we track, I think it is reasonable to expect this correction to continue for some more time, but this is likely to just be another pause to refresh before we can move back higher.
by Princely Mathew - 2 months ago

Buying The Dips

A pullback is being forecasted by it into the beginning of October from here or from one more high.
by Princely Mathew - 2 months ago

Upper Hand to The Bulls

When support cannot break in the face of negative news flow after multiple tries, followed by a break out above resistance in the 2940s, we need to the upper hand to the bulls.
by Princely Mathew - 3 months ago

Not In All-Out Bearish Mode ... Yet

The market followed our script for the most part last week, with strength continuing in the first part of the week before breaking down toward the end of the week.
by Princely Mathew - 3 months ago