Latest News at ElliottWaveTrader

Awaiting Next Entry Signal

We are flat the market now after exiting shorts last week -- and now, we are waiting for a fresh signal to trigger preferably a buy signal at lower levels.
by Princely Mathew - 1 day ago

US Dollar Takes A Detour With A Sharp Spike Into the End Of The Week

After hitting resistance and moving lower over the previous week, the US Dollar continued that move lower into the later part of this past week.
by Mike Golembesky - 1 day ago

Sell Trigger in Nasdaq Futures

Here's simple trade setup that resulted in 256 NQ futures points.
by Carolyn Boroden - 4 days ago

Possible 5-up In Futures

I wanted to write this update early, since it is my outline for how I am looking for a potential break out sooner rather than later.
by Avi Gilburt - 4 days ago

MarketMood Tuesday: Government Spotlight

Where We've Been: Monday's mood pattern says to be "on alert" for anything today.  MMI was looking up (above open) after a down open.  The market sure tried, but gave out near end of day.  MM MACD turned from sell to neutral at today's open. Where We're Heading: Monday's mood pattern shows a government or legal focus for tomorrow (U.S. senate hearings?).   MM Trend Trader continues to maintain at "buy" in both the main signal and higher probability signal, however bears are in charge for the near term until the SP 500 can regain 3901.
by Dr. Cari Bourette - 1 week ago

Asian Markets Trade Higher For The Week

A review of the past week in the Nikkei, Hang Seng, Shanghai Composite, Nifty and ASX, and what the wave counts indicate is ahead.
by Garrett Patten - 1 week ago

'High Dividends Opportunities' And StockWaves Work Together To Boost Your Income

How can you mix the long-term wealth-generating powers of The Income Method with the higher frequency of trading that proponents of Elliot Wave Theory enjoy? In fact, they are made to work together.
by Rida Morwa - 1 week ago

Healthy Consolidation For Now

The past two weeks produced +8% so some healthy digestion/consolidation is not out of the question.
by Ricky Wen - 1 week ago

Market Facing Resistance - Market Analysis for Feb 14th, 2021

My outlook is that the S&P 500 is likely to face resistance in the 3950-80 area and finally begin a pullback to reset into the 3800/3750 area in coming weeks.
by Princely Mathew - 2 weeks ago

US Dollar Moves Down After Hitting and Holding Key Resistance

After moving into the middle of the retracement zone last week for our potential wave (iv), the DXY once again moved back down in the direction of the larger degree trend.
by Mike Golembesky - 2 weeks ago

Nightly Crypto Report: Reaching Higher

Yesterday we tested important support, but overnight we saw a nice reversal putting counts back on track.
by Ryan Wilday - 2 weeks ago

[c] Wave Not Dead Yet

If we are indeed going to still see a [c] wave down towards the 3600 SPX region, then we will need to complete 5-waves down towards 3800-20 as wave 1 of [c].
by Avi Gilburt - 2 weeks ago

Where Fundamentals Meet Technicals: Uranium, UNH, BKNG

In this issue of "Where Fundamentals Meet Technicals," I look at the uranium sector and a few other stocks.
by Lyn Alden Schwartzer - 2 weeks ago

Capitalizing On TLT's Turns

We identified a short setup in TLT late last month as the 20+ Year Treasury Bond ETF approached a price cluster of resistance in the 154.48-64 area -- and now a low has developed.
by Carolyn Boroden - 3 weeks ago

Will Price Reset Lower & Then Rally Into OPEX Week?

Internal indicators are on the buy side, our Odds Indicator on the sell side -- which way will this resolve?
by Princely Mathew - 3 weeks ago

Another ATHs Attempt For End Of Week

Price action remains ultra strong as bulls are not even allowing a 23.6% retracement of this week’s range (3840s-3650s).
by Ricky Wen - 3 weeks ago

NDX Best Candidate To Break Out To New Highs

Of all the index charts that I watch, the NDX really is the best candidate for seeing a breakout to new highs.
by Mike Golembesky - 3 weeks ago

Internals Still Bearish, But Short-Term Buy Signal Setting Up

Once the next bounce runs its course, the big sell is likely to reassert itself which will most likely take the S&P 500 to new lows near the 3500 area.
by Princely Mathew - 4 weeks ago

Wave 3 Delayed - Market Analysis for Jan 27th, 2021

While the market had a set up to break out overnight and finally confirm a wave 3 in the S&P 500, it has clearly invalidated its immediate break-out set up.
by Avi Gilburt - 1 month ago

Market Mood Caution Lights

There were caution lights flashing that it wouldn't take much (just single digit S&P points) to cross the line into a noteworthy pullback.
by Dr. Cari Bourette - 1 month ago

Nightly Crypto Report: One More Low?

Our potential bottom remains rather fragile, and I must continue to leave open the possibility of one more low, particularly in Bitcoin.
by Ryan Wilday - 1 month ago

Potential Acceleration Setup Above Multi-Month Channel

The market is gunning for another acceleration phase as we head into some of the big earnings reports this week.
by Ricky Wen - 1 month ago

Markets Take A Day To Digest Their Gains

After seeing a strong day of gains yesterday the markets took a break and saw a relatively slow day while consolidating over support.
by Mike Golembesky - 1 month ago

Grinding Into New All-Time Highs

Price action is revisiting the prior all-time highs area and banging on the door for a breakout.
by Ricky Wen - 1 month ago

Eyeing New Long Entry

There are a lot of moving parts here for a new buy signal.
by Princely Mathew - 1 month ago