Market Analysis for Jul 22nd, 2021

Jul 22, 2021 - 10:00 AM EDT

SE new ATHs. Mentioned again a couple days ago.

Very powerful consolidation breakout setup. Expecting at least another+10-12% ramp into earnings. (late August, lots of time left)

Now, $297~, roughly +9% from our entry point of $271~

Upgrade line in sand/must hold = $260 (current week's low)

July 20: https://www.elliottwavetrader.net/trading-room/thread/7115285

June 10: https://www.elliottwavetrader.net/trading-room/thread/7037868

SE JULY22_W

SE JULY22_D

Ricky Wen is an analyst at ElliottWaveTrader.net, where he writes a nightly market column and hosts the ES Trade Alerts premium subscription service.

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