Elliott Fibonacci Traders Foundation

Disclaimer
All content is for educational purposes only. We do not intend for the content to be a substitute for professional advice or trade recommendations.

[Elliott Fibonacci Traders Foundation @ElliottFibTraFn]

$SPY Reposting with updated charts and comments
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Live Chartings

An hour ago

Market Makers must protect dip and bounce at 61.8% intraday high/low until order flow supply/demand overwhelm stop/loss from bull/bear and double top Wave iii and a testing even when in minor Trading Plan extension.  Market Makers must be guided by data flow and intraday high/low hedging/protection of profit/capital for directional risk management.

SPX500/SPY in breakout attempt above Wave a while NAS100/QQQ still struggling to double top.  This may take a little longer intraday consolidation since SOXX is also double top without breakout yet.  All must breakout above double top testing by data flow short covering stop/loss or another Wave a, b, c of larger degree consolidation and validation of minor Trading Plan extension.   Stop/gain trailing protection may be used here.

Added Comments:

SOXX already breakout above Wave iii double top and SPX500/SPY in second attempt breakout above Wave a. double top with all indices in the green. NAS100/QQQ more likely to follow up with successful double top breakout also.

[Elliott Fibonacci Traders Foundation @ElliottFibTraFn]

$SPY Reposting with updated Comments
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Live Chartings

15 minutes ago

Market Makers must protect the rally to Wave iii and then a dip at the close or into the Asia Pacific Open. Therefore, wave iii could be higher till the end of the day if there weren't any stop/loss for a dip but short covering stop/loss. Whatever, the goal is staying long in the minor Trading Plan for this Wave v/3 run.

Added Comments:

All participants provide liquidity service to the capital formation and wealth building deserve the profit distribution in rising and falling prices by the Market.

All of us are market makers if hedging strategy is used to protect profit and capital.

Trust Mother Market via the minor Trading Plan and the provisional long/short directional reversal risk management and accept the profit distribution - short profit in the short term and wealth building in the long term buy the dip at every ending/restarting of the minor Trading Plan.

[Elliott Fibonacci Traders Foundation @ElliottFibTraFn]

$SPY Reposting with Updated Charts & Comments
29 minutes ago
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Live Chartings Pre-Market

49 minutes ago

Market Makers in profit protection for 50% to 61.8% dip at double top Wave a if no breakout order flow. Otherwise, breakout for Wave c for Wave iii extension may be the no more willing seller and short covering at the Open. Follow the futures provisional.

Added Comments:

With the strength of cap-weight NAS100/SPX500 returning to lead, the strength of the long protection and dip to 38.2% and 50% for NAS100 and SPX500 may be the intraday stop/loss higher low the fight is still raging. Follow the SPX500/SPY provisional long/short for guide.

Ending/Restarting of minor Trading still in validation building Wave a, b, c for SPX500/SPY. NAS100/QQQ already had one set of successful validation and retest with second Wave b.

Added Updated NAS100 chart.

[Elliott Fibonacci Traders Foundation @ElliottFibTraFn]

$SPY Reposting with updated charts & comments
38 minutes ago
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Live Chartings

An hour ago

Ending/Restarting minor Trading Plan in confirmation release short/gain in dip if still delta neutral. follow futures provisional long/short at new Wave b.

Added Comments:

The rally and dip pattern of last Friday is repeating today in validation of ending/restarting of the minor Trading Plan. Two sets of Wave a, b, c to intraday higher high higher low.

A third set is still a possibility because of the uncertainty of news/event tradecraft. We simply have to follow the provisional long/short of the second Wave b for resetting if necessary. Keeping in mind short gain compounding is the large number mathematical advantage of the short term "casino" phase for Market Makers and all hedging traders/investors. Long term is always buy the dip of the ending/restarting of the minor Trading Plan.

[Elliott Fibonacci Traders Foundation @ElliottFibTraFn]

$SPY Reposting with updated charts of Asia Pacific & Comments
10 hours ago
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What are the Monthly NAS100 and SPX500 Charts Saying?

2 hours ago

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The monthly charts for both the remain structurally bullish in the long term, as they are both trading comfortably above their rising 10-month moving averages. However, both indices are experiencing short-term corrective pullbacks after recent rallies, with the tech-heavy Nasdaq flashing some technical vulnerability.

NAS100

. Technical Picture: The tech-heavy index recently pulled back from record highs over 30,660. Technically, the index is hovering near the 200-day moving average and testing neckline support around the 28,200 level.

. Indicator Signal: On broader moving averages, short-term indicators suggest a Sell/Neutral as the market digests the chip-sector slide.

. Key levels: If support at the 28,200 one breaks, it could trigger a multi-week corrective decline. Conversely, holding this support zone could push the index back toward resistance at 30,770.

SPX500

. Technical Picture: The SPX500 has been consolidating in the mid-$7,400s following cooling inflation and a semiconductor selloff. It is forming a potential continuation pattern know as a bull flag on the daily charts.

. Indicator Signals: Due to recent high volatility, the short-term oscillators and moving averages flash a Sell signal, but the longer-term structural view - driven by the 10-month EMA remains positive.

. Key levels: The index is encountering resistance near the 7,500-7,600 area, with major downside support roughly around 7,000.

The continuation pattern of the SPX500 acts as a textbook bull flag. This structural formation indicates a temporary pause for profit-taking, rather than a macroeconomic regime shift or systemic distribution. Secular bull markets historically tolerate 5% to 10% pullbacks to these levels without breaking the long-term trend in a controlled drawdowns. The NAS100 chart's reflects a controlled drawdown of Wave A, B, C, D, E reaching exhaustion with a double bottom testing of the first shakeout/drawdown after hitting all-time highs.

What is happening in the NAS100 is a monthly example of what happened to the https://t.co/fLpD8SWFPv 24 months Wave A, B, C, D, E exhaustion bear bottom. This is where traders were correct about the downtrend but still lose money in short and then long. It was because short near the bottom were force to cover when the rally double and triple top before falling in exhaustion. There were nine bear rallies of greater than 20% to 64% during the https://t.co/IFCBUgHYQY crash.

The minor Trading Plan ending/restarting worked very well for the last three shakeout or drawdown. Last week shakeout or drawdown is just another ordinary technical falling prices from news/event tradecraft. Therefore, be vigilant to cover short in net gain long/short pair spread for the ending/restarting of the minor Trading Plan Wave c and extension to Wave v/3 target.

Added Comments:

In the short term during post and pre-market trading, Market Makers are driven by profit and capital protection hedging against directional risk. However, they can't sell or buy at a loss but rely on stop loss fear selling and buying/covering where no more willing sellers/buyers bring about directional reversal in short-term "casino" mathematical advantage in large number compounding spread profit. They are buy the dip long term investors and short term hedging or sell the rally falling prices tradecraft or "casino" mathematical advantage large number compounding.

The long term charts clearly proven the case. We never have to sell every dip of the minor or main Trading Plan at a loss and every short profit covered and reset is equal to the "casino" mathematical advantage of large number compounding.

[Elliott Fibonacci Traders Foundation @ElliottFibTraFn]

$SPY Reposting with Updated charts and comments
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Live Chartings

An hour ago

Market Makers driven by data are rising and falling prices in 61.8% fib level of intraday high/low trading range. Follow the provisional long/short for directional risk management.

First attempt to make Wave a, b, c set up validation of intraday/weekly low. More importantly, it is the NAS100 monthly double bottom testing that must hold successfully for a reversal to happen. Still in short the rally of the Wave an and cover the Wave b.

Added Comments:

The short protection dip was only 50% of Wave a. Therefore, the retest of Wave a must extend to Wave c = a or another higher Wave a may bring on another dip. This being OPEX Friday may limit recovery to 61.8% of the intraday trading range. However, the pessimism is over-kill in the big picture of rising and falling prices in the monthly time frame. Therefore, a repeat of recovery that rhyme with the last three shakeout recovery might trap more in bear killing. The sentiment at all the sites I am involved is similar or worst than the last three shakeout/recovery even though the actual Fear Index is 39 vs 32. News/event tradecraft wise, it is just waiting for a reversal and short covering would be massive.

This is the last charting for the day. Got my fill and now hedged for next week because I believe the low of the day and week are in. May only add comments when necessary since no access to charting server for me after lunch.

[Elliott Fibonacci Traders Foundation @ElliottFibTraFn]

$SPY Reposting
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Live Chartings

10 minutes ago

Market Makers hedging intraday/weekly low in ending/restarting minor Trading Plan at the Open and in the first Wave a, b double bottoming setup for Wave c to validate reversal for the day. Discipline hedging/protecting profit and capital at the most fearful day of the week must be executed. May wait for Wave a, b in 50%/61.8% rally and dip at the least for release of short cover.

Added Comments:

It would be insane to not cover/buy the dip for the directional risk management for the hedging Market Makers and traders. Especially, the long term investor cannot miss this long term buy the dip when provisional hedging/protection is available.

[Elliott Fibonacci Traders Foundation @ElliottFibTraFn]

$SPY Reposting with additional comments
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Live Chartings

15 minutes ago

It is still rotation from cap-weight to equal-weight when SPX500 down .30% vs NAS100 1.06%. Don't fear this resetting of ending/restarting NAS100 and Wave iv of SPX500. It is harvesting short/gain cover short term and buy the dip medium/long term for Market Makers and Hedging minor Trading Plan traders. It is very near or already at directional risk protection for Market Makers and Hedging traders/scalpers.

Additional Comments:

Second Wave a, b, c set up for validation in truncated double bottom. Watch the Wave a, b making regular 50% to 61.8% dip confirm no more willing seller stop/loss is reached for intraday low.

[Elliott Fibonacci Traders Foundation @ElliottFibTraFn]

$SPY Reposting - Is the Stock Market Health and Broadening?
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Live Chartings - Is the Stock Market Healthy and Broadening?

20 minutes ago

Yes, the stock market is experiencing a healthy, broadening rotation away from the mega-cap technology giants toward previously lagging sectors, small-caps, and equal-weight indexes.

This widening of market performance suggests investors are confident in economic resilience and are seeking value outside of AI-heavy momentum stocks.

Historically, an expansion of market leadership from a few dominant stocks to a wider bas is viewed as a foundational stronger and more sustainable bull market.

The divergence between the NAS100/QQQ and SPX500/SPY is technical evidence of the broadening.

[Elliott Fibonacci Traders Foundation @ElliottFibTraFn]

$SPY Reposting with updated charts
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Live Chartings

16 minutes ago

Follow the futures' resetting ending/restarting of their minor Trading Plan. Remain hedged for new Wave a, b, c set up to validate intraday lower low. Aggressive trader may cover short gain at dip and short the bounce of Wave a.

[Elliott Fibonacci Traders Foundation @ElliottFibTraFn]

$SPY Reposting with updated chartings & comments
52 minutes ago
Live Chartings

10 minutes ago

Reset Wave iv and follow new Wave iv remain in minor Trading Plan to retest Wave iii. Failure to breakout above new Wave iii would evolve to Wave v/3 for profit protection and short for a new Wave 4.

Added Comments:

NAS100/QQQ in ending/restarting minor Trading Plan taken down by SOXX in returning to XLF and Equal Weight SPX RSP rotation. If rotation continues, SPX500/SPY may be restrained also but broadening to make lower Wave 4.

NAS100/QQQ truncated double bottom and SPX500/SPY made lower Wave 4. Fearful bull stop/loss triggered at no more willing sellers reversal in the making. Follow reset of ending/restarting minor Trading Plan of NAS100. May wait for proper Wave a, b, c set up to validate intraday low to release short reset to net long.

[Elliott Fibonacci Traders Foundation @ElliottFibTraFn]

$SPY Reposting
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Live Chartings

20 minutes ago

Market Makers delta neutral hedging 61.8% -78.6% short/dip of intraday hi/lo in profit and capital protection for Wave a, b is set up for Wave c =a.   Such a larger swing of Wave a, b, c reflecting there is still fear in both bull/bear expectations.  We trust the minor Trading Plan to make an extension to Wave v/3 run. Therefore, release short to net long.

[Elliott Fibonacci Traders Foundation @ElliottFibTraFn]

$SPY Reposting
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Live Chartings Pre-Market

24 minutes ago

Market Makers in Wave iii retesting profit protection for the Open.  All four in minor Trading Plan for higher high, higher low, buy the dip, sell the rally.   Follow new provisional long/short trigger for protection.

Notice buying the ending/restarting minor Trading Plan yesterday are all profitable now.

[Elliott Fibonacci Traders Foundation @ElliottFibTraFn]

$SPY Reposting with Updated Charts/Comments
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Live Chartings Pre-Market

48 minutes ago

Market Makers delta-neutral hedging at closing last Friday as expected, and with news/event tradecraft's falling prices dip as far as stop-loss could take thus far.  The majority has covered or hedged the reversal for the US Open.  The first 15 minutes of liquidity more stop/loss activity would determine the double bottom of intraday low.

Added Comments:

Truncated double bottom intraday low for NAS100 at no more willing seller stop/loss - a first reversal attempt where short/gain was protected and ending/restarting of minor Trading Plan. Watch for new Wave a, b, c set up to release short and go long. SPX500/SPY remain in minor Trading Plan for higher high higher low.

[Elliott Fibonacci Traders Foundation @ElliottFibTraFn]

$SPY Reposting with Trading Comments
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Live Chartings

53 minutes ago

Market is going nowhere but remains in minor Trading Plan for testing Wave v/3 higher high higher low. Follow the provisional long/short for protection or simply lock in gain and step aside. With the escalation of news/event over the weekend, Market Makers would be delta neutral by closing.

Added Trading Comments:

Majority EWP analysis still in the Wave B counter trend or bull trap.  Seen this failure repeated too many times since using EWP from the Mar 2020 bottom brought about the development or reversed engineering of the minor Trading Plan ending/restarting.  What is happening in the market today is the classic climbing the wall of worry in rebounding toward all-time highs despite severe geopolitical, macroeconomic, and sector-specific headwinds.

Financial markets are currently shrugging off a firehose of negative news because underlying economic fundamentals remain incredibly resilient.  Bull markets are built on skepticism.

[Elliott Fibonacci Traders Foundation @ElliottFibTraFn]

$SPY Reposting with Updated Chartings/Comments
25 minutes ago
Live Chartings Pre-Market

49 minutes ago

Market Makers in long profit protection for the Open.  The dip could be a Wave iv and 50% of the top and intraday low.   The reversal to the long-term trend of higher highs is back with the rally above the red Wave A of the NAS100.   Both are in successful ending/restarting of the minor Trading Plan.  The target is Wave v/3 to retest all-time high. Use stop/profit or provisional long/short trigger for protection.

Added Comments:

Wave iii should be extended for a new Wave iv.

[Elliott Fibonacci Traders Foundation @ElliottFibTraFn]

$SPY Reposting with added comments
24 minutes ago
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Live Chartings

20 minutes ago

SPX500/SPY double bottom holding in first attempt. NAS100/QQQ holding 78.6% dip while SOXX holding 50% dip. Don't panic but let the Market come to our set up of ending/restarting first. Plenty of time to go either long or short.

Added Comments:

When there is a sea of red it should be exciting for short gain and buy the dip which we must always have both horses in the race. Without the correct mental attitude trading becomes gambling. We must become private professional trader using the minor Trading Plan in short 5 wave impulse and 3 wave corrective. It is our unwavering trading set up and system.

The sea of red is both harvesting for short and sowing for long seasons for the minor Trading Plan trader. That's what my trading in SOXL/SOXS pair is showing very clearly since SOXX is the true leader of Market for the foreseeable future in AI industrialization.

[Elliott Fibonacci Traders Foundation @ElliottFibTraFn]

$SPY Reposting with updated charts/comments
10 minutes ago
Live Chartings Pre-Market

26 minutes ago

Both NAS100 and SPX500 are in resetting ending restarting minor Trading Plan have reached truncated double bottom no more willing sellers in news/event tradecraft falling prices. Follow futures provisional long short pivots in long profit protection.

Added Comments: Do not fear resetting ending/restarting minor Trading Plan. SPX500 in normal Wave 4 while NAS100 downtrend or terminating correction Wave C = A downtrend is strong in the ending/restarting bounce is making a reversal with support from SOXX may be the end of rotation last stage. Both are in Wave a, b, c validation of intraday low.

[Elliott Fibonacci Traders Foundation @ElliottFibTraFn]

$SPY Reposting with Updated Charts/Comment
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Live Chartings

51 minutes ago

NAS100/QQQ is resetting ending/restarting minor Trading Plan above critical support of higher low double bottom that must hold. SPX500/SPY still in Wave 5 extension. Wait for Wave a, b setup in truncated double bottom of NAS100/QQQ to protect short/gain release.

Added Comment:

Follow Wave a, b, c set up to protect Wave a - profit and then Wave b to release short gain/loss in net-gain. Wave b retesting intraday lo is buy the dip for NAS100 or SPX500.

[Elliott Fibonacci Traders Foundation @ElliottFibTraFn]

$SPY Reposting with updated charts
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Live Chartings

55 minutes ago

With the higher trading volume at the same time today as yesterday, there might be a chance of double bottom testing of the entire rally from the last ending/restarting of the minor Trading Plan.  There is so much rotation out of mega tech and semi to everything else as reflected by the SPX500 only down 1/2 percent vs NAS100's 2%.  Market Makers will have to protect short gains at double bottoming at some point today or at the close.

It is close to no more willing seller stop/loss for ending/restarting of minor Trading Plan.