Our Live Trading Rooms Bring Together Thousands of Traders from Around the World!
Monthly QQQ Update:Apart from fundamental analysis, spin, and hype about the efficacy of AI use cases, funding, eventual revenues, and, yes, profitability, the Monthly Technical Setup in QQQ is warning us that, atop a 37% upmove from the March 2026 low, a 93% advance from the April 2023 low, and a 200% bull move from the October 2022 low, the price structure hit an ALL Time New High at 762.86 in October 2026, and during the same month, rolled over into a bout of weakness that left behind a MONTHLY Bearish Engulfing Candle!.
SPY Wave Volatility Model E.O.D. ReportApproaching A Risk-Defined OpportunityOctober 30, 2026 | Decision: 3:20:10 PM EasternTODAY'S ACTION: CLOSE THE CORE SHORT AND BUY A CORE LONG WITH STOP AT 2.5% OR $733.34 SPY. The model records both actions at the current SPY reference of $752.14. The new long’s protective stop is $733.34, 2.50% below entry. This is an aggressive entry based on the anticipated turn; a lasting bottom has not been confirmed.Position summaryToday's model statusEntry / holding ageCore long from October 30 at $752.14; age 0 trading sessionsCurrent reference$752.14 at 3:00:05 PM Eastern; approximately 15-minute feed delayOpen result+$0.00 per share (points); +0.00% before costs; unrealizedProtective stop$733.34; 2.
In Case You Missed It… Before we review the week, MarkZ’s Bi-Weekly Sector Review is being replaced this week with a Webinar and Report available to all. Mark posted this Friday to the VIX Index/Sector Trading Room, here: https://www.elliottwavetrader.net/videos/Sector-Review-October-30th-2026103025869.html. The video approaches sectors from the standpoint of “looking for a high probability trade” but includes a brief macro overview at the outset.We had an eventful week, as expected.
Our Technical Analysts Share Their Expertise 24/7 on a Vast Range of Markets!
