Market Analysis for Jul 22nd, 2021


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_W
SE JULY22_D
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.