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

Rangebound Between 2775 Support and 2966 Resistance

If we do manage to somehow get above the 2966 resistance on the Emini S&P 500 (ES), the bullish train should resume back to 3100-3200 levels and higher, but this is not my preferred outcome right now.
by Princely Mathew - 1 day ago

Has the Market Reset Its Bullish Exuberance?

Did the market reset the bullish exuberance in the beginning of last week with the 2775/76 test on the Emini S&P 500 (ES), and if so, are we ready to again continue the march to new highs?
by Princely Mathew - 1 week ago

Upper Hand to the Bears

Possible spots where this correction might end are in the 2800 area on the Emini S&P 500 (ES) and below this in the 2730 area.
by Princely Mathew - 2 weeks ago

Price Is King, Though Bearish Signs Visible

With all of these warning signs we are seeing in the open interest and internals, we need to be on alert now for a correction being possible sooner rather than later.
by Princely Mathew - 3 weeks ago

Bull Market Continues to Surprise

The 2955/50 area on the Emini S&P 500 (ES) is support at the moment, which the bulls need to defend if they want to maintain the uptrend in the intermediate term.
by Princely Mathew - 4 weeks ago

Continued Strength Expected in Coming Days

With all of our Smart Money room indicators bullish, and the actual raw options data also bullish, let us continue to expect strength in the coming days and for the market to move above all time highs into the 3000 range on the Emini S&P 500.
by Princely Mathew - 1 month ago

Meeting Our 2950 Projection and Then Some: What's Next?

While the S&P 500 hit all-time highs on Friday, it is most likely for us to have some weakness ahead in coming days.
by Princely Mathew - 1 month ago

Market Poised to Test Higher?

I am leaning toward the idea that we saw some kind of low Wednesday overnight and as long as that holds we can go higher into the 2950 area on the S&P 500 in the coming week.
by Princely Mathew - 2 months ago

Awaiting Wednesday Before Monthly OPEX Week for Market Clues

In this current week before OPEX week, we'll look at Wednesday for clues on what to expect into OPEX.
by Princely Mathew - 2 months ago

Trend Clearly Down, Though Short-Term Bounce May Be Due

A bounce back to test the head and shoulders neckline at 2800/2810 on the S&P 500 would not surprise me before further downside action.
by Princely Mathew - 2 months ago