Shooter’s Major Markets ETF Risk On / Risk Off Report

Scott “Shooter” Henderson’s Elliot Wave and proprietary technical analysis of Major Markets. Includes equity ETFs: SPY, QQQ, and treasuries through TLT. Use this analysis as a general market guide and for trading the major market ETFs.

Follow along in chat if you are going to swing trade a portion of your account (requires RARE Investing membership). We recommend starting with trading 5% or less of your total portfolio and no more than 20% even as you gain experience.

Risk On / Risk Off Index Notes

A view of the big indexes that give us a clue as to whether the stock market is more risk on or risk off.

USER GUIDE

ELLIOTT WAVE BASICS

BASIC RETRACEMENT & PATTERNS

SPY Flat to Risk Off!

A very tight range Friday, which implies something is going to give. Perfect spot for catalyst to appear and take us one leg lower toward that range low I’ve got marked.

SPDR S&P 500 ETF Trust Monthly Wave Count (updated 07/15/2022)

QQQ Flat to Risk Off!

Well that $255 count now says its going toward $244 with that lackluster week.

Invesco QQQ Trust Monthly Count Chart (updated 07/15/2022)

TLT Risk Off!

Has it been a week, barely moved in my view. We could be putting in this base for quite awhile with this look.

iShs 20+ Yr Treasury Bd ETF Weekly Wave Count (updated 07/15/2022)

US Dollar Index

US Dollar Index (updated 07/15/2022)

Risk Disclosure & Performance Disclaimer Statement

Follow Shooter on Twitter @swingtradenotes