About Princely Mathew

Princely Mathew Princely Mathew hosts The Smart Money service in our EWT Trading Room, providing directional analysis in U.S. equity indexes as well as in miners (GDX) and crude oil (USO) using proprietary indicators based on market internals.

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.

Story Archive

Bigger Bounce Before Next Leg Lower

I think we may be close to some kind of bigger bounce in the market maybe up to the 3480 area on the Emini S&P 500 before we turn back lower again.
by Princely Mathew - 1 week ago

Was Wednesday A High?

On the downside, I am looking at 3300 and then 3275/50 as possible target areas on the Emini S&P 500 (ES).
by Princely Mathew - 1 month ago

Eyeing Mean Reversion Lower

My read on the market is that we are advancing on price with mediocre internals and this kind of move generally results in a mean reversion back lower.
by Princely Mathew - 1 month ago

Preparing For A Pivot Lower At Resistance

Our composite signal is still on a buy, but it looks to me like odds will stop supporting the long trade very soon and may shift to the short side.
by Princely Mathew - 1 month ago

Benefit Of Doubt To Bulls

Internals are on the bullish side, options are more or less neutral, and price action is rangebound in the very short term, but looks bullish on the medium term, consolidating before a possible breakout.
by Princely Mathew - 2 months ago

Limited Upside Ahead

I think we get to somewhere in the 3200 area in the Emini S&P 500 (ES) before beginning another leg lower toward the 2800 area.
by Princely Mathew - 2 months ago

Benefit of Doubt to the Bears

Our Smart Money Composite Signal is pointing down.
by Princely Mathew - 3 months ago

Expected Pullback Begins

We got an exit signal on our long trade very early in the week allowing us to exit very close to the actual price top.
by Princely Mathew - 3 months ago

Closing In On Our ES Target

I still have a target of 3140 on the Emini S&P 500 (ES) from the triangle breakout we were tracking a few weeks back, and we are getting close.
by Princely Mathew - 3 months ago

Slight Edge To The Bulls

Price action supports more bullish outcomes playing out at least until the 3050 area on the Emini S&P 500 (ES), which would be confirmed with a breakout over 2976.
by Princely Mathew - 4 months ago