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

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 - 19 hours ago

Significant Bottom Setting Up Target Zone Near 2800

The mentality heading into this week is about how to effectively trade into the intermediate 2775-2815 target zone on the S&P 500 given last week’s setup.
by Ricky Wen - 1 week ago

Still Bear-Dominated Market When Below 2700

Heading into this end of October/start of Nov week, the major levels on the S&P 500 remain the same from last weekend’s report with 2620 and 2590 as major supports given this year’s prior bottoms along with 2600 being a major psychology number as well.
by Ricky Wen - 2 weeks ago

Stabilization Continues with Ongoing W-Shape Reversal Pattern

Last week’s action was an 80-point inside week that consolidated within the bottom half of the Oct 8 week’s massive breakdown range of 2900 to 2712.
by Ricky Wen - 3 weeks ago

Price Action Attempting To Stabilize, Still Threatened By Prolonged Correction

The market (S&P 500) is currently backtesting one of the key macro trending support areas around the 2760s, which is coincidentally the daily 200 simple moving average (SMA) area.
by Ricky Wen - 4 weeks ago

Bears Keep Letting the Bulls Back In

It’s now three times in a row that bears are unable to close in strength at the lows and keep letting the bulls recover in the afternoon with stick saves in the Emini S&P 500 (ES).
by Ricky Wen - 1 month ago

Bull Train Stabilized After Brake Check

The monthly closing week was just a good old inside week in order for the price action in the Emini S&P 500 to trap in more participants from both sides before the eventual acceleration.
by Ricky Wen - 1 month ago

Bulls Back in Control as Market "Sticksaves" Above Must-Hold Support

The bulls are back in full control given the sticksave pattern and bears failing to pierce below the must-hold 2880 level on the Emini S&P 500 (ES).
by Ricky Wen - 1 month ago

S&P 500 Extension, Acceleration Continues

The third week of September went according to plan for the most part as the bulls were able to defend the 2880 must-hold support level on the S&P 500.
by Ricky Wen - 1 month ago

High Level Consolidation Again

Traders should be aware of the inside/consolidation day potential Wednesday along with the bigger picture showcasing a clear risk versus reward for the upside in the S&P 500 (SPX).
by Ricky Wen - 2 months ago