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

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 days ago

Buy the Dip, then Sell the Rally

Heading into the second week, we’re going to be judging the current short-term momentum with the trending supports at 2493 and 2475 on the S&P 500.
by Ricky Wen - 1 week ago

Awaiting Turning Point Confirmation

The Emini S&P 500 now needs a break below 2463 overnight lows with an immediate follow through below 2450 in order to confirm the bears are immediately ready again for the downside acceleration.
by Ricky Wen - 1 week ago

Watching 2400 Temporary Floor Being Established

E-mini S&P 500 Futures: Keep It Simple Stupid – Watching 2400 Temporary Floor Being Established The third week of December could be summed up concisely as a breakdown continuation setup that followed through from the prior week by decisively breaking below the 2529 Feb low.
by Ricky Wen - 3 weeks ago

Testing Against Current Year’s Low

The October monthly range low has been decisively broken and now testing against major support at the Feb/current year’s low of 2529 on the S&P 500.
by Ricky Wen - 4 weeks ago

Sell-the-Rally Threatening Inside Month Ranges

We have to be mindful of the possibility of a breakdown acceleration outside of the October monthly range of 2603-2944.
by Ricky Wen - 1 month ago

Can Bull Train Break 2815?

The earliest indication for the bull train to be viewed as immediately ready going towards the 2850-2875 continuation target zone on the S&P 500 would be a break above 2815.
by Ricky Wen - 1 month ago

Eyeing Dead-Cat, Relief Bounce

The highest probability portion of a deadcat, relief bounce on the S&P 500 would be to 2670 first for those trading this current setup aggressively.
by Ricky Wen - 1 month ago

Beware Inside Week Potential Again, Upside Continuation Waiting on that Spark

Last week’s action in the S&P 500 was pretty much just an inside week shake-fest that we warned about in the prior weekend report.
by Ricky Wen - 1 month ago

Inside Week Shakefest Potential

Last week’s action was an immediate upside continuation that fulfilled the 2775-2815 target zone on the Emini S&P 500 (ES) from the massive rally off of the 2603 low.
by Ricky Wen - 2 months ago