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

Eyeing 2700 Ahead Of Another Big Leg Down

Looking at last week’s action, we seem to be backtesting support in the 2400 area setting up another leg up into the 2700 range in the S&P 500.
by Princely Mathew - 4 days ago

Bullish Short-Term Indicators, but No V-Shaped Recovery In Sight

Right now we have couple of our shorter-term indicators on the bullish side and more can join if price remains stable.
by Princely Mathew - 1 week ago

All Models Bearish

My thought is that correction is closer to the end in terms of time (2-4 weeks), but it is not close to the end in terms of price.
by Princely Mathew - 1 month ago

Profit-Taking As Micro Signals Move to Sell

Our micro1 signal went to sell early in the week and we booked our QLD longs for 6.
by Princely Mathew - 1 month ago

Bullish Ahead of WWW: Wed of Week Before Options Exp Week

Most of our models are on buys now, even with the weakness we saw on Friday.
by Princely Mathew - 2 months ago

Awaiting Rebound Rally

We should have some more bearish action ahead of us this coming week, but I think we should begin looking for bottoming signs very soon, at least for a rebound rally.
by Princely Mathew - 2 months ago

Indicators Remain Bullish, But...

I like the coming week for a turn/pullback to begin. However, price is the ultimate decider and we have to respect it as it continues to grind higher.
by Princely Mathew - 2 months ago

Flat Is The Correct Position

Considering everything along with price, I think we have more corrective business on the downside ahead -- the only thing is that it is OPEX week and we usually do have a positive bias on these weeks.
by Princely Mathew - 2 months ago

Is The Advance Complete?

Next resistance higher is at 3260-65 area. And support below is at the 3225-21 area.  A break of this area at a minimum is required to start entertaining more bearish possibilities.
by Princely Mathew - 3 months ago

Models Continue To Be Bullish

It looks to me like we extend to the 3200 area very soon and possibly a little higher than that before we finally get a reset lower to the breakout area around 3025 on the Emini S&P 500 (ES).
by Princely Mathew - 3 months ago