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 Striking Back At Key Moment

We are short-term bearish right now when below 3226.25 on the Emini S&P 500 (ES).
by Ricky Wen - 9 hours ago

Bears' Time To Shine

If the bears cannot capitalize on a breakdown continuation setup, then you would know that they lost a big battle.
by Ricky Wen - 2 weeks ago

Big, Bad Bears Are Back

This follow-through to the downside is merely just a continuation model from last week’s clues.
by Ricky Wen - 4 weeks ago

May Closed At Dead Highs As Expected, Continued Bullishness Into June

The bulls accomplished their key goal by ending the May monthly closing print at the dead highs in order to enhance the odds for upside momentum.
by Ricky Wen - 1 month ago

Bears Running Out Of Time

Bears had another perfect opportunity to capitalize on wrapping up the week at the lows, but they failed to do anything concrete.
by Ricky Wen - 1 month ago

Bullish Consolidation Pattern

The past 3 days has been playing a bullish consolidation pattern given the ongoing bull train/trend setup above daily 20 EMA.
by Ricky Wen - 2 months ago

Bears Fumble - Market Analysis on Apr 27th, 2020

The billion dollar question for this week is quite simple:  Could bulls score in a big way and break above the 2875/2885 range high resistance levels on the Emini S&P 500 (ES), squeezing into 2930 and beyond?
by Ricky Wen - 2 months ago

Inflection Point Continues

Tuesday closed at 2844.5 in the ES, around the dead highs of the session, which was also above the 50% Fibonacci retracement of this entire drop, 3397.5-2174. The battle lines have been drawn for both sides.
by Ricky Wen - 2 months ago

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 - 3 months 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 - 3 months ago