About Ricky Wen

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

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 - 5 days ago

Bulls Very Resilient

We’re treating the current pattern as a high level consolidation/bull flag on the 1hr/4hr/daily timeframes where the bull train is considered to be in full control when immediately trending above 2785 on the Emini S&P 500 (ES).
by Ricky Wen - 1 week ago

Too Easy For Bull Train, Time for a Surprise?

Treat 2824/2865/2900+ as immediate bull train acceleration phase to the upside on S&P 500, with the immediate trending support at 2783 derived from Friday’s low.
by Ricky Wen - 2 weeks ago

Knocking on Dec Highs

Heading into this week, we still remain bull-biased when price action hovers above 2764 on the S&P 500 for immediate trending purposes.
by Ricky Wen - 3 weeks ago

Nearing Target, Be Aware of December Highs Confluence

The S&P 500 bull train is in the midst of its acceleration route towards the 2795-2800 continuation target.
by Ricky Wen - 1 month ago

Flagging Again, Bears Endangered Species

Heading into Tuesday and the rest of the week, we maintain our immediate bullish stance only when price action maintains above 2700 on the S&P 500.
by Ricky Wen - 1 month ago

More Defensive After Perfect Week for Bulls

The bulls succeeded beyond expectations on the January monthly closing print goal by wrapping up the month at 2712 on the S&P 500.
by Ricky Wen - 1 month ago

Price Action in a Stalemate

The bulls on Monday failed their immediate trend continuation setup from Friday’s breakout attempt above 2655 on the Emini S&P 500.
by Ricky Wen - 1 month ago

Backtesting 2632, First Trending Support

The first key trending support of 2632 on the S&P 500 was tested today. However, the bears couldn’t close at the intraday dead lows given final hour pump, which meant it wasn’t a very powerful daily bear reversal candle.
by Ricky Wen - 2 months ago

Price Action Still Lacking Bear-Train Momentum

Overall, we’re still looking for the turn towards 2500 minimum/2470 ideal target on the S&P 500, but the price action is still lacking that bear train momentum confirmation that is needed with a drop below today’s low 2460 and the needed acceleration below the trending support of 2545 to kickstart this southbound train ride.
by Ricky Wen - 2 months ago