Hi Matt,

Will we get access to the ES Pro System one day?

Ken

Yes, I am having difficulty logging and accessing the update.

thanks for the some great charts.

They are simple and clean.

Nice map of the market trends. Better than GPS for driving!

Yes, fantastic,,,,,,,

will use this more often

thanks.

thanks for the tip

thank you for keeping us Canadians updated with the TSE.

Interesting perspective especially break of the trend line (blue line)

Elliott Wave S&P500 Perspective

In out last newsletter (May 29), we showed the highest probability wave count on the 13-minute SPX which was an Impulse with the top of Wave 3 May 11. Since then the highest probability count has evolved back into a Zigzag but now with the top of Wave 5 forming the end of Wave A on June 11 followed by the retracement to where we are now.

The question is now whether the blue upward sloping trendline in the next chart will form significant resistance or just a temporary pause.  

Figure 2 – 13-minute chart of the S&P500 showing the highest probability chart pattern showing a Zigzag, which fits with Hochberg’s Primary Wave 2 count from the March 6 low. The red arrow shows the break in trendline and the dark gold showing the highest probability target area for the index. Chart courtesy of www.elliottician.com  

thanks.

Ken

Hi

After listening to the newsletter, I agree with your concern or problem since I also live in Canada.There are several Canadian traders at this website.

I would love to sign up for Tradestation but they don't take Canadians. One would have to us Interactive Broker and Ninjatrader to do automated trading. Matt and Steve, any suggestions for IB and Ninjatrader?

Ken

Thank you Steve and Matt for your helpful opinions in trading this market. Never an easy job. Definitely, both your guidance has help me immensely.

Steve and Matt have expressed that we maybe soon getting a pull back. I also agree with some of the signs that the market is starting to change its bias from positive to negative. 

The following link also discusses the higher probability of this happening now.

It did mention that VIX hitting support and negative divergences are some of the factors to consider when is a topping starts to occur. Quite interesting.

http://www.investedcentral.com/public/976.cfm

thank you for the article. quite interesting.

ken

Again, thank you for your short and long term opinion on the market.

Here is a link for the list of ETFs.

Hope it is useful.

http://leavittbrothers.com/stocks-options-futures-trading-reports/2008/11/etfs.cfm

I thank you for your wonderful knowledge and help.

Matt and Dodger,

Thank you for all your hard work. Your precise calls are very very much appreciated by me. Need to follow your advice more often.

So, please let me know when is a good time to start considering going long for a risk to reward trade. I value both your opinions immensely.

I don't usually have access to the monitor 24/7 since I have a day time job.

There are traders who are successful/profitable with the market and are willing to share their thoughts. You, Matt and Dodger are great in this respect. I definitely believe the fine traders in the blog are all better than I am. It will take time for me to learn (could be forever) before I get good at this. I will also ask Matt and Dodger for their advice. Love to read your opinions. Thanks

Ken

Being a newbie, thank you for your informative insights.

You commented on a certain time to go long, please let us know when you think it is worth a trade on the long side