The3xETFTrader

The3xETFTrader

Morning Reports

3x ETF A.M. Report 1.13.25

Morning Reports
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Market Notes:    UGLY but near term relief?

So far the ES low 5809 plunging below 5875 support

Short term a bounce near 5800 on ES Futures likely as that is where the A wave down from the 6100 area highs is equal to a C wave length from…

3x ETF A.M. Report 1.10.25

Morning Reports
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Market Notes:   

Markets pulling back hard, bulls are hoping for a triple bottom around 5875 on the ES futures contract, hit 5888 this morning.  January is often a tough month with postponed tax selling and earnings coming out from year end shortly... buckle up.  

This elliot wave…

3x ETF A.M. Report 1.8.25

Morning Reports
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Market Notes:   Markets retraced hard after last rally, Quantum Stocks getting smashed overnight. I warned on Dec 30th on Stocktwits FWIW: Behavioral patterns were warning...


With that said, 5928 futures low last 24 hours. We went long in the ES service at 5965 on the pullback from 6067…

3x ETF A.M. Report 1.7.25

Morning Reports
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Market Notes:  Closed our ES trade at 6050 from 5887 yesterday in the ESAlerts.com service, hosted here on memberful.  16% gains in a few days, consider joining.

With that said, Markets are in a 5th wave up from ABC bottom this past week if I'm right and should push…

3x ETF A.M. Report 1.6.25

Morning Reports
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Market Notes: 16% return in a few days on our ES trade--- 

 ES Futures at 6035 up huge from esalerts entry at the C wave 5887 average entry bottom last week.  Elliott Waves do pay off if you are patient.

We plan to take fat profits at 6050 and…

3x ETF Morning Updates Report 1.3.25

Morning Reports
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Market Notes:   Futures service waited VERY patiently for a week, we got long at 5875/5900 yesterday on ES, currently up nicely on the trade.

ES tested A wave lows yesterday as projected and now bouncing from 5875 to 5935

ES Charts from ES Alerts service:



 Market and…

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

 

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…

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…

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"…

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…

3x ETF Morning Updates Report 12.18

Morning Reports
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SP 500 Notes:  6073 MARKETS CONSOLIDATING NEAR HIGHS
ES Futures link to use 

Charts:   QQQ approaching target I put out days ago of 547

Market and Strategy Notes:  

SP 500 and QQQ approaching targets I have put out but not quite there yet.  Some tax…

3x ETF Morning Updates Report 12.17

Morning Reports
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SP 500 Notes:  ES Futures link to use 

Charts:   ES 4 Hour  (SP 500 Futures)

ES (SP 500 Futures) 6060 area Tuesday 8am EST


Market and Strategy Notes:  

Bullish consolidation for QQQ, SP 500.  IWM and Biotech under some pressure year end tax selling I…

3x ETF Morning Updates Report 12.16

Morning Reports
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SP 500 Notes:  ES Futures link to use 

ES (SP 500 Futures) 6060 area on Sunday night 835pm EST, still in a range

Market and Strategy Notes:  

 6150-6235 still my SPX Wave 5 targets. Still a seasonally favorable period mixed in with some December tax selling…

3x ETF Morning Updates Report 12.11

Morning Reports
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SP 500 Notes:  ES Futures link to use 

ES (SP 500 Futures) 6070 area popping 30 points off the 24 hour lows on CPI news

Market and Strategy Notes:  

 6150-6235 still my SPX Wave 5 targets. Still a seasonally favorable period mixed in with some December…

3x ETF Morning Updates Report 12.10 (copy)

Morning Reports
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SP 500 Notes:  ES Futures link to use 

ES (SP 500 Futures) 6070 area popping 30 points off the 24 hour lows on CPI news

Market and Strategy Notes:  

Markets bouncing this morning, 6150-6235 still my SPX Wave 5 targets. Still a seasonally favorable period mixed…