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.

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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.




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)

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