Latest News at ElliottWaveTrader

MarketMood Tuesday: Emotions - Market Analysis for Nov 23rd, 2020

The mood pattern for Tuesday reflects both strong emotions and letting go-- an odd mix.
by Dr. Cari Bourette - 6 days ago

Bears Lack Follow-Through

Bears are trying their hardest to commit to further downside, but they just lack follow through and momentum on their side.
by Ricky Wen - 6 days ago

Diary of a Winning Fibonacci Setup: TTD

Earlier in November we had a relatively simple setup in TTD in our Fibonacci Markets & Stocks service.
by Carolyn Boroden - 1 week ago

Leading Diagonal To Downside

After holding the 61.8 retrace yesterday the Nasdaq 100 Futures (NQ) moved lower in what, like the ES, can count as a leading diagonal to the downside opening the door to this having put in a top for the wave ii/b at the 12,098 level.
by Mike Golembesky - 1 week ago

Pullbacks Are Still Quite Within Reason – But Know Where Melt-up Takes Hold

I want to try to summarize my larger degree thoughts into this update, which I reviewed in my live video this morning, so everyone can be clear of my perspective at this time.
by Avi Gilburt - 1 week ago

Targeting 3600/3620 Area Next

I think we can target the 3600/3620 area next in the Emini S&P 500 (ES), but we are also very likely to face strong resistance in that area.
by Princely Mathew - 2 weeks ago

Successful Set-Up And Trigger In NQ

Here's an example of a setup and trigger today in NQ. Here we had the confluence of 4 Fibonacci price relationships that came in at the 11840-48 area. This is called a Fibonacci Cluster. After a trigger fired off on the 233 tick chart, we had an entry around 118.68 or so. The risk was defined either below the low at 11847 OR below the low end of the zone which was 11840. We saw a 105.50 point rally from this 5 minute chart setup.
by Carolyn Boroden - 2 weeks ago

Long-Term Targets Reached In Two Forex Pairs

Our long-term target and potential major top in the USDTRY has been reached.
by Arkady Yakhnis - 2 weeks ago

Where Fundamentals Meet Technicals: AMGN, EBAY

Overall, Amgen and eBay offer the prospects of long-term gradual wealth compounding.
by Lyn Alden Schwartzer - 2 weeks ago

MarketMood Morning Notes - Market Analysis for Nov 9th, 2020

The big picture showed that if October was "serious" there would be an "optimistic new chapter" for November -- I have to say I did not expect it to be so dramatically that right off the bat.
by Dr. Cari Bourette - 2 weeks ago

What's Next For Bitcoin?

Intermediate- to long-term, if Bitcoin can now hold a wave 2, we can see a push to $34K, but if that wave 2 does not hold, we should consider the 2020 rally complete barring unforeseen.
by Ryan Wilday - 2 weeks ago

Big Week Ahead For The US Dollar

After moving higher the previous week, this past week saw the DXY once again break down and now retest the lows that were struck back in the September, putting us in a very key spot moving into this week.
by Mike Golembesky - 3 weeks ago

The Meaning Of Five Waves

As long as we hold 3497SPX, then the market has potential to extend within this 5th wave of wave [1].
by Avi Gilburt - 3 weeks ago

Nasdaq Paths Point Lower

Both of our projected paths do point lower in the Nasdaq 100 futures as the downside pattern is still looking quite incomplete.
by Mike Golembesky - 3 weeks ago

Market Rangebound For The Moment

The easiest portion of the ride is now considered done from the 3400 breakdown on the Emini S&P 500 (ES) to its present level.
by Ricky Wen - 3 weeks ago

Awaiting Short-Term Low Within Days

My read on the market is that we are nearing some kind of low within the next few days, with somewhere in the 3150/3050 area on the Emini S&P 500 (ES) forming at least a short-term low for this downtrend.
by Princely Mathew - 4 weeks ago

Market Analysis for Oct 30th, 2020

Liquidity UpdateDuring the worst part of March, I began a series of liquidity updates to provide info about forced selling pressure on assets (stocks, bonds, gold, etc). Due to the global USD shortage, margin pressure, and other things, there were clear signs of forced selling pressure back then. It was bad enough not only to affect stocks, but also gold and long-duration Treasuries (and for Treasuries, that's very rare). I reduced those updates as liquidity became more abundant. This week, however, renewed some (but not all) of the issues.
by Lyn Alden Schwartzer - 4 weeks ago

Is The Market Lulling You To Sleep?

As long as the market remains below immediate resistance, I want you to stay on high alert, because the next break down below yesterday’s low opens a trap door for market price.
by Avi Gilburt - 1 month ago

Potential Truncated Top For Russell 2000?

Ideally, I would still prefer that high to be broken to finish off the wave ((5)) of v of 1 as shown in green on our chart, as this would be the cleanest of patterns.
by Mike Golembesky - 1 month ago

The Biggest "October Surprise" Yet May Be Imminent

Since the end of September we've been on the lookout for October surprises and have definitely seen a few.
by Dr. Cari Bourette - 1 month ago

Important Low Potential Ahead

Bayesian analysis intermediate-term points to an important low potential in equity indices and metals late Nov/early Dec.
by Luke Miller - 1 month ago

Nightly Crypto Report: Bitcoin and GBTC Go Alone

As I look across the crypto market over the short term, I see fresh bearish-after-bearish setup.
by Ryan Wilday - 1 month ago

Gap Up and Crap Down

Monday was a trend day down after the +1% gap up move from the RTH open and confirming that bears are back in business.
by Ricky Wen - 1 month ago

Market In Grey Area After Hitting Our Projected Zone

The Emini S&P 500 (ES) hit our projected 3520/50 zone very early in the week and was mostly sideways since then.
by Princely Mathew - 1 month ago

No Signal Of Top -- Just Yet

The Nasdaq 100 is still trading over the micro pivot level that I laid out yesterday, so we do not have any signal of a top in place just yet.
by Mike Golembesky - 1 month ago