Latest News at ElliottWaveTrader

Uncharted Territory In The Market

Our indicators continue to support partial long positions so we hold until that changes, but we are now in uncharted territory in the market.
by Princely Mathew - 2 days ago

Market Outlook April 11, 2021

I keep reminding our members that during strong bull markets, surprises to the upsides should not be "unexpected".
by Rida Morwa - 2 days ago

Applying Fibonacci Analysis To AAPL

Carolyn Boroden's Fibonacci work has yielded a setup in AAPL that is not only worth highlighting as a top call but that's also exemplary for anyone seeking to better understand her methodology.
by "System" - 3 days ago

Nightly Crypto Report: BTFD Day

Basically, we have a good solid pullback into the support region.
by Ryan Wilday - 5 days ago

Do Not Play The Short Side

One of the first rules about trading that I learned early on (the hard way) was that you should NEVER trade the short side during a 3rd wave.
by Avi Gilburt - 1 week ago

Short-Term Bulls In Full Control

Be warned that 4050-4078 will be a tough zone and unlikely to get through on first try basis so we plan on trimming profits into strength.
by Ricky Wen - 1 week ago

The S&P 500 Index Breaks Above The 4000 Level

I have been projecting this move in many of my market updates over the past six months.
by Rida Morwa - 1 week ago

S&P 500 Breaks Out To New All-Time Highs And The Russell 2000 Tests A Key Pivot

Across-the-board breakouts are giving us further confirmation that we have indeed found a significant bottom.
by Mike Golembesky - 1 week ago

Bottom In Place, But Room To Consolidate

The trend remains up for the Emini S&P 500 (ES) and pullbacks are buying opportunities.
by Garrett Patten - 2 weeks ago

Holding The Short Side

Even with the hard rebound in price, our indicators are holding the short side, so we continue to hold the short trade, but we will be on the lookout for an exit in the coming week.
by Princely Mathew - 2 weeks ago

Catching The SPX Low

The potential for higher prices comes in at target 1 at the 4019 area if we can continue to clear the hurdles on the way up.
by Carolyn Boroden - 2 weeks ago

Nightly Crypto Report: Going Deeper Still

The cryptos have continued to flush with no confident bottom pattern.
by Ryan Wilday - 2 weeks ago

MarketMood Wednesday: Clues from the News

Today's mood pattern of "bullish exhaustion" often takes place at local highs, and we seemed to have touched one today.
by Dr. Cari Bourette - 2 weeks ago

Gearing Towards Quarter-End Highs

There’s potential that the Sunday night low of 3885 on the Emini S&P 500 (ES) could be this week’s low.
by Ricky Wen - 3 weeks ago

Market Outlook: March 21, 2021

The worry about rising interest rates is likely to be a temporary one, and short-term pullbacks are buying opportunities.
by Rida Morwa - 3 weeks ago

U.S. Dollar Holds It Ground As It Consolidates In A Tight Range

The key for the next several weeks is to see if the DXY can get some follow-through and break over the resistance zone.
by Mike Golembesky - 3 weeks ago

World Markets Review: Breakout in European Indices

The DAX traded strongly higher last week, breaking out cleanly above the prior high on the month and the February high.
by Garrett Patten - 4 weeks ago

Eyeing Consolidation Ahead of Rally to 4000+

After testing very close to its all time highs late last week, the Emini S&P 500 (ES) is likely to consolidate for some more time, after which we can see a move toward the 4000+ area.
by Princely Mathew - 4 weeks ago

Catching the NDX Bounce

Timing analysis along with some Fibonacci price parameters told us to watch for the possible reversal back up.
by Carolyn Boroden - 1 month ago

Break Out - Market Analysis for Mar 11th, 2021

As the markets have taken us to higher highs, we are well on our way to setting up the rally to the 4300+ region in the coming months.
by Avi Gilburt - 1 month ago

Nasdaq Following More Immediate Bullish Path

The Emini Nasdaq 100 (NQ) still looks to be following the more immediately bullish path off of the lows similar to what I am tracking on the Emini Russell 2000 (RTY).
by Mike Golembesky - 1 month ago

Bulls Need Decisive Breakout

Today is an important day to judge momentum because NQ stabilized yesterday with its +3.5% massive upside day, and bulls need to demonstrate a decisive follow-through.
by Ricky Wen - 1 month ago

Market Outlook March 7- 2021

Why this strong bull market is set to continue and the two main risks that could derail it are very low.
by Rida Morwa - 1 month ago

Strong Resistance Ahead - Market Analysis for Mar 7th, 2021

The 3890/3915 area on the Emini S&P 500 (ES) is filled with strong resistance, and my view is that we do not make it through this area right away.
by Princely Mathew - 1 month ago

MarketMood Weekend: Stimulating - Market Analysis for Mar 5th, 2021

Today's mood pattern can imply a brief international crisis, so we can watch for something along those lines through tomorrow.
by Dr. Cari Bourette - 1 month ago