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

Bears Failed Last Week

Bulls won hard in the high-level consolidation war zone conflict last week, as the Emini S&P 599 price action stayed elevated at the upper half of March 23-27 range.
by Ricky Wen - 1 day ago

Relief Bounce Faces Resistance

Basically, price on the Emini S&P (ES) went from a range low (2174) to range high (2650 and is now waiting for some digestion to go back into midpoint of the range and then near range low.
by Ricky Wen - 1 week ago

Key Backtest Against Dec 2018 Area

We're watching closely on how the market reacts on a first- try basis on backtesting the Dec 2018 lows for short-term momentum gauge and to see if there's any applicable scalp setups or remain in heavy cash positions for now.
by Ricky Wen - 3 weeks ago

No Panic Yet

A few too many bear cubs celebrating too early after being wrong for months and last week’s carnage is being hyped up so pay attention for a potential quick reactionary short squeeze as the temporary bottom setup from Friday remains pivotal.
by Ricky Wen - 1 month ago

Setting Up Another ATH Closing Print For Monthly Candle

The current holiday/shortened week will likely be focused on stabilizing in a high-level consolidation the gains made from last week as we head into this Friday’s monthly OPEX closing print.
by Ricky Wen - 1 month ago

Surprise Surprise, New ATHs Fulfilled

The week’s low of 3322 on the Emini S&P 500 (ES) is still being treated as in since Monday.
by Ricky Wen - 2 months ago

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 - 2 months 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 - 2 months 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 - 3 months 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 - 3 months ago