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3x ETF Morning Updates Report 1.2.25

Morning Reports
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Market Notes:   Possible ABC bottom formed this week as projected, markets bouncing to start the new year in early trade

SP 500 - C wave more or less tested A wave lows as projected

 Market and Strategy Notes: 

Strategy:  Possible bottom forming here, looking to add…

3x ETF Morning Updates Report 12.31

Morning Reports
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Market Notes:  C wave down as projected took hold yesterday. Low of ES futures around 5918 now bouncing to 5980 today... could still see 5880-5860 test in January.

Market closed tomorrow... hopefully bottom forms or completes in January

Updated ES 2 hour (SP 500 Futures) Chart Tuesday morning

 

ES Morning Report and Trade Alert 12.31

ES Alerts and Reports
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Trading:  March Contract ESH5

Update:  ES hit 5920 area, 20 points above my preferred entry tranche range given yesterday to go long. Bouncing now to about 5980

Should still test prior A wave lows or get closer... this may be a B wave bounce with more…

ES Morning Report and Trade Update 12.30

ES Alerts and Reports
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Trading:  March Contract ESH5

Trade Ideas:  12/30

Would love to go long near prior lows...

5900 entry, add 5875, Stop 5850



Update:  ES 5957 down 103 points from my Friday morning C wave warning... 

12/27 Warning:
No change in view... should work lower in the new year…

3x ETF Alert 12.30 revised TQQQ

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At the bottom of this post was the 12.23.24 TQQQ alert, this is now revised as follows

BUY IF $76 Initial Entry adding to $73 for 10% initial position...  If QQQ falls to 495 zone we will double up to 20%...  

(changing from buy if $73 add to $72…

3x ETF Morning Updates Report 12.30

Morning Reports
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Market Notes:  FUTURES DOWN 58 points... C wave warnings I gave were correct

Repeating Friday morning notes from last week:

We had a deep and sudden pullback recently on FOMC news, now a nice upward retracement to a fibonacci resistance zone.

Normally you re-test the prior lows, we will…

3x ETF Morning Updates Report 12.27

Morning Reports
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Market Notes: 

I had A 6150 TO 6250 target for this rally from October 2023, 6100 area was the high so far.

We had a deep and sudden pullback recently on FOMC news, now a nice upward retracement to a fibonacci resistance zone.

Normally you re-test the prior lows…

ES Morning Report and Trade Update 12.27

ES Alerts and Reports
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Trading:  March Contract ESH5

6070 Area 845 am EST Friday

No change in view... should work lower in the new year on a C wave retracement... I could be wrong but that is my view still

Trade ideas at bottom of page repeated from yesterday



The rally…

3x ETF Morning Updates Report 12.26

Morning Reports
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Market Notes:

Still expecting a pullback to test the lows recently, but not required. The price action sufficed at the lows a week ago for a 4th wave pullback, but the pattern does not look complete. I would expect a further pullback, we are getting SOME of that in…

ES Morning Report and Trade Update 12.26

ES Alerts and Reports
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Trading:  March Contract ESH5
6080 area 8am EST Thursday

12/26:  4th wave usually is made up of an A wave down (5866 low) a B wave up 6105 high so far... and a C wave down and or an ABCDE pattern... so far no real C wave…

ES Morning Report and Trade Update 12.24

ES Alerts and Reports
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Trading:  March Contract ESH5
6050 area 915 am EST

12/20-    

Trade Ideas from 12/23:
You could go long at 5990 with a TIGHT STOP at 5980

OR.... wait for the likely deeper pullback if 5980 breaks
 
This update went out at 837 am EST…

3x ETF Morning Updates Report 12.24

Morning Reports
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Market Notes:

Still a likely B wave bounce up here from last weeks lows, with a pullback to test last weeks lows or lower most likely in the next week or two. This doesn't mean I am right, just going by probabilities and normal Elliott Wave patterns that play…

3x ETF Morning Updates Report 12.23

Morning Reports
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SP 500 Notes:   Nice bounce off last weeks lows, possible B wave bounce with C wave pullback underway.  Tax selling at year end causes extra volatility making my short term forecasting much more difficult fwiw.

The chart today is the ES 4 hour chart (B should read "C"…

ES Morning Report and Trade Update 12.23

ES Alerts and Reports
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Trading:  March Contract ESH5
6005 Tuesday 830am EST

12/20-  Can still work lower after a bounce if any... 

So far a strong B wave bounce up to resistance and C wave (I accidentally labeled my chart B, its a "C")  will either be shallow and hold 5980's…

3x ETF Alert 12.20

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QQQ-  TQQQ Trade Alert- BUY IF...

Should pull back in time to 495 zone, from 512 now...

If so, TQQQ hits 72-73 zone to buy for a bounce B wave up in the market for 10% position size

Trade Parameters:

Wait for $73 to start a position, add…

ES Morning Report and Trade Update 12.20

ES Alerts and Reports
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Trading:  March Contract ESH5

12/20-  Can still work lower after a bounce if any... 

 I would expect lower levels yet... will advise on trade set up for now standing aside... prefer to go long at lower levels. You can short here if you want and can ride…

3x ETF Morning Updates Report 12.20

Morning Reports
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SP 500 Notes:   5725 area on SP 500 possible, could see a bounce near term 

Barrons: Stock futures recovered some ground and bond yields dropped on Friday after the Federal Reserve’s preferred inflation gauge cooled in November.

The personal consumption expenditures price index, or PCE, rose at a…

3x ETF Morning Updates Report 12.19

Morning Reports
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SP 500 Notes:   5630-5720 possible pullback points on SPX 

Charts:   QQQ needs to hold 34 day EMA near 515


IWM ETF, XBI ETF, FXI ETF



Market and Strategy Notes:  

FOMC throws water on the fire.  Some of the speculative movements were causing me some concerns as…

ES Morning Report and Trade Update 12.19

ES Alerts and Reports
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Trading:  March Contract ESH5

12/19:  Stopped out 6025, low was around 5840 on the crash

Moving to March contract now

Bouncing up today with 6010 possible from 5974 now

I would expect lower levels yet... will advise on trade set up for now standing aside...

 December Contract…

ES Morning Report and Trade Update 12.18

ES Alerts and Reports
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Trading: December ESZ4 contract

12/18: 6070 area 830am EST ... and we are long again at 6070 re entry 12/12
 
Need to take out 6112 for shot at 6180, we are also running up on some end of year tax selling etc... but let's stay long…