About Ricky Wen

Ricky Wen hosts the ES Trade Alerts service at ElliottWaveTrader.net, and also contributes his nightly KISS Report on the E-mini S&P 500 (ES) as well as educational posts to Avi's Market Alerts service.

Ricky is a full time trader and mentor who has been trading professionally since 2009, focusing on stock options and the ES futures. He is known for his mastery of candlesticks trading, moving averages, chart patterns and feedback loops. He has also developed his own proprietary Hourly Extreme Oversold/Overbought signals.

In his KISS report each Sunday evening, he includes a market projection for the week drawn in white, with an occasional "alt" projection in red. See example below of Ricky's white-line projection for the week of May 6, annotated later with the actual points the ES reached in mirroring the projection.

White-line market projection by Ricky Wen

Ricky's articles have appeared on sites such as Nasdaq.com, Gold-Eagle, Money Show and others.

Story Archive

Low of the Week Structure

Tuesday’s session was fairly textbook as price action decided to backtest into the lower end of the overall overall high-level consolidation area of 2969-2915 on the Emini S&P 500 (ES).

by Ricky Wen - 3 weeks ago

Proceed With Caution in Likely Consolidation Week

The S&P 500 is just a few points away from the 78.6% retracement of the entire drop, so the confluence of levels in this area is very important.

by Ricky Wen - 1 month ago

Temporary Bottom Established, Deadcat Follow Through

The main takeaway from Monday’s session session is that the temporary bottom/floor has been established and the dead-cat bounce is following through and has already fulfilled its first target of 2765.

by Ricky Wen - 1 month ago

Short-Term Bears Alive Again

Tuesday’s session was fairly surprising as the likely inside/range day did not pan out accordingly.

by Ricky Wen - 2 months ago

April Monthly Dead Highs. When’s the Curveball?

Two important battles at hand here: Either the bull train is in an acceleration mode within an acceleration mode going straight up northbound based off of today’s intraday feedback loop squeeze -- or price finally runs into some mean reversion risk as price action enters the 2965-2970 S&P 500 bullseye from last week’s projections.

by Ricky Wen - 2 months ago

Rejuvenated, Ready to Attack All-Time Highs Imminently

Last week the Emini S&P 500 (ES) bulls failed twice when they had clear shots at the immediate acceleration on Tuesday and Wednesday with the gap up and go patterns.

by Ricky Wen - 3 months ago

Bull Train Remains in Full Control

Bears tried to break below 2900 key support today on the S&P 500, but failed once again so it’s time for the stampede to continue.

by Ricky Wen - 3 months ago

High-Level Consolidation or Bull Train Acceleration?

The Emini S&P 500 is respecting and following our accelerated yellow line showcasing the Friday morning immediate breakout perfectly for now as long as 2830 support holds.

by Ricky Wen - 3 months ago

Market in Transition

The stock market and its momentum seem to be in transition given what occurred on Friday, so be aware of the possibility that the bull train is at risk if no stick-save back above 2814 immediately in the next few sessions.

by Ricky Wen - 3 months ago

No Surprises, Stampede Continues

The main takeaway from this week was that the bears failed their weekly bear engulf downside continuation pattern and in reality we got the opposing massive bull reversal into new highs of 2019 in the U.

by Ricky Wen - 4 months ago

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