Ricky Wen
Ricky Wen Articles
Wednesday's session played out as a range day. Most of the downside action occurred during Tuesday night, and Wednesday’s regular trading hours were spent bouncing from our key support zone in the 2750 area back to the middle of the range...
The second week of December played out in a picture-perfect manner offering little to no surprises per our expectations. If you recall, this setup was fully assisted by the ongoing bull train/trend and the first week of December daily...
Tuesday’s session showcased a textbook range bound grind and backtest as the price action could not break above the overnight 3014.25 high on the Emini S&P 500 (ES) to force a trend day.
The second week of October showcased a vigilant effort from both bulls and bears in realizing their short-term targets/goals. However, in the end, the bulls won the key battles again with the massive bull engulf daily candlestick (2881.75-...
The second week of August was pretty simple as the market followed our expectations from the previous weekend report. If you recall, the market chose to follow scenario 1 on the daily chart timeframe by backtesting into the 2858-2836 zone...
The second week of August played out to the extreme levels accordingly as the market found the temporary bottom at 2775 on the Emini S&P 500 (ES), at around the macro 200 day moving average. This level also acted as a higher low...
The last week of July/first week of August was quite interesting as volatility is finally back. The bears got their resurrection by closing below the ongoing "sh*t hits the fan level" at 2955 on Thursday August 1. Essentially, active...
The fourth week of July showcased the markets usual "stick save" at the daily 20 exponential moving average (EMA). This gave traders the textbook setup for the bull train to grind higher into all-time highs by week's end.
The third week of June went according to the game plan as the market’s price action just followed the white line projections as we demonstrated in real-time.
The final week of September was quite interesting because the overcrowded bull train utilized a common traffic management strategy in order kick off some passengers with a classic shakefest/brake check. As we noted in last week's article,...
