Market Analysis for Sep 14th, 2021


Very important area coming up. (Potential Climax, wait and see)

2021 YTD S&P 500 never lost the 50 day moving average on any pullback.

Now, 8th time coincides with 61.8% retracement

I'm expecting more of the same sticksave, rather than something new (continued drop). See if we get a climax soon to support our view.

Also, NQ still unwilling to go down much, very controlled pullback into daily 20EMA + 38.2%. Relatively strong compared to ES. 

ES SEPT14_DAILY
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ES SEPT14_DAILY2
NQ SEPT14_DAILY
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ES SEPT14_DAILY
ES SEPT14_DAILY
Ricky Wen is an analyst at ElliottWaveTrader.net, where he writes a nightly market column and hosts the ES Trade Alerts premium subscription service.