Latest News at ElliottWaveTrader

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 - 2 days 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 - 3 days 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 - 6 days 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 week 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 week 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 week 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 week 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 - 2 weeks ago

World Markets Round-Up: Reaching Target Resistance

International markets continued higher last week -- here is a round-up for Europe and the Americas.
by Garrett Patten - 2 weeks ago

2020 Rally Complete in Bitcoin & Ether?

Since the March 2020 breakdown, my leaning has been that our large coins are unlikely to achieve escape from the bear market that started with the 2017 top in Bitcoin -- and now I suggest we’ve seen the 2020 rally complete.
by Ryan Wilday - 3 weeks ago

On The Lookout For Risk-Off Move This Quarter

Bayesian Probabilities give SPY a 69% chance of seeing at least 325 or lower before a sustainable path higher can emerge.
by Luke Miller - 3 weeks ago

Bulls In Full Control

The 3198 temporary bottom on the Emini S&P 500 (ES) is acting more like a bigger concrete bottom as every day passes without making a decisive lower low.
by Ricky Wen - 3 weeks ago

Eyeing Lower Levels On Nasdaq Ahead Of Next Break Above ATH's

Both NQ counts suggest that lower levels will be seen before we break back up over the all-time highs.
by Mike Golembesky - 3 weeks ago

Still Expecting New Lows After This Bounce

There is no change in my view from last week that we are in the midst of a bounce toward the 3450/3500 area on the Emini S&P 500 (ES) and from there we could possibly begin another leg lower to new lows somewhere in the 3000/2900 region.
by Princely Mathew - 3 weeks ago

October Surprises Begin - Market Analysis for Oct 2nd, 2020

The October mood is leaning serious and the stockmarket showing a local top as the month begins.
by Dr. Cari Bourette - 3 weeks ago

The Reports Of My Death Have Been Greatly Exaggerated

Despite the Emini S&P 500 (ES) slightly breaking below the .382 retracement support last night, the market has come back roaring today to complete 5-waves up off the low structure last week.
by Avi Gilburt - 4 weeks ago

Overnight Held At Key Level, BTFD In Control

Bulls cannot let bears reclaim 3291-3285 on the Emini S&P 500 (ES) or the downside risk opens up immediately.
by Ricky Wen - 4 weeks ago

October Surprises, Guaranteed - Market Analysis for Sep 27th, 2020

What if I told you that there are currently detectable October surprises in store for the American people and perhaps the world at large?  With September still to be completed, this is as clear today as an “Unprecedented Global Crisis” was detectable for February and March of this year even as 2019 was yet finishing up and Covid-19 still unheard of.
by Dr. Cari Bourette - 1 month ago

Eyeing New Lows After One More Bounce

My current view is that we continue the bounce started on Friday toward the 3450 area on the Emini S&P 500 (ES) and from there possibly begin another leg lower to new lows somewhere in the 3000/2900 region.
by Princely Mathew - 1 month ago

US Dollar Presses Higher And Approaches The Upside Resistance Zone

After consolidating last week, the US Dollar Index (DXY) began the expected path up for what is looking like the wave (c) of ((iv)) shown in the path in white.
by Mike Golembesky - 1 month ago

Fed Continues With "QE Infinity"

The Fed bought $44.5 billion in securities outright this week, and liquidity swaps to other central banks decreased by $20.3 billion.
by Lyn Alden Schwartzer - 1 month ago

Nightly Crypto Report: Bears Take Over the House

With five waves down in GBTC and Bitcoin, the bear scenarios have taken hold until we break back over $12.34 GBTC, and $11,190 BTC.
by Ryan Wilday - 1 month ago

Not Making It Easy

As long as the market now remains below 3330 on the Emini S&P 500 (ES), then I still expect another decline to complete this [c] wave, as shown on my 5-minute ES chart.
by Avi Gilburt - 1 month ago

Mining Stocks Service Was Ready For Silver's Flash Crash

EWT's Mining Stocks service was READY for the "flash crash" in Silver today.
by Zac Mannes - 1 month ago

Short-Term Trend Change Intact

We’re utilizing 3190-3230 as next key support in the Emini S&P 500 (ES) that could temporarily stabilize the price action to see if there’s a dead-cat bounce.
by Ricky Wen - 1 month ago