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

Resistance Repels Bulls

The bulls did not have enough juice to close above 3337 on the Emini S&P 500 (ES) for the closing print and the mythical creatures/bears got what they wanted for just a single day by closing around the lows of the day.

by Ricky Wen - 3 days ago

Bull Train Resilient

The bull train remains quite resilient and doing everything in its power to uphold the ongoing daily8/20EMA momentum trend since October 11, 2019.

by Ricky Wen - 1 week ago

Existing Bull Train Given Another Chance

This week in general will be all about whether the Emini S&P 500 closes above or below daily 20EMA to prove that it’s time for mean reversion for the bears/mythical creatures or that the existing bull train continues like clockwork.

by Ricky Wen - 2 weeks ago

Dance Into Year End

By now, everybody and their mother should know that the bulls are trying to wrap up the year-end closing print at the dead highs/around the highs as we’ve discussed numerous times.

by Ricky Wen - 1 month ago

More High-Level Consolidation Ahead?

Friday closed at 3146.5 on the ES with the decisive breakout above the 3125 micro resistance derived from Wednesday and Thursday range days. The weekly candle also closed as a massive doji with its range spanning 3158-3069.50 indicating more high-level consolidation is ahead unless the levels get taken out immediately.

by Ricky Wen - 1 month ago

No Changes, Pavlov’s Dog Heading into Holidays

Nothing has changed with the BTFD thesis when the market remains in a trending mode and especially when above daily 8EMA/20EMA.

by Ricky Wen - 2 months ago

Bulls Looking For Break Through High-Level Consolidation

Bulls are gearing for a daily closing print above 3100 on the S&P 500 that they’ve been battling against for 2 weeks now in terms of the high-level consolidation.

by Ricky Wen - 2 months ago

Uber Strength From Bulls

The last week of October alongside with the monthly+weekly closing prints played out as expected with the bull train continuing the acceleration into new all time highs.

by Ricky Wen - 2 months ago

Market Keeps Grinding Out Higher Lows and Higher Highs

The main takeaway from the 4th week of October is that the bulls are doing what was expected and keeping the trend strong and alive heading into the month end print.

by Ricky Wen - 2 months ago

Immediate Acceleration Pattern

Monday’s session showcased a grind-up day bias with the market gearing towards all-time highs.

by Ricky Wen - 3 months ago

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