Estate Counselors 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
AT&T INC COM USD1	COM	00206R102	91	3,000	SH		SOLE	NONE	0	0	3,000
ADOBE SYSTEMS INCORPORATED	COM	00724F101	67	141	SH		SOLE	NONE	0	0	67
ALLY FINANCIAL INC COM USD0.01	COM	02005N100	1,027	22,725	SH		SOLE	NONE	0	0	22,725
ALPHABET INC	CAP STK CL A	02079K305	80	39	SH		SOLE	NONE	0	0	39
ALTRIA GROUP INC	COM	02209S103	976	19,070	SH		SOLE	NONE	0	0	19,070
AMARIN CORP	COM	023135106	684	110,100	SH		SOLE	NONE	0	0	110,100
AMAZON COM INC	COM	023135106	62	20	SH		SOLE	NONE	0	0	20
AMERISOURCEBERGEN CORP	COM	03073E105	1,120	9,490	SH		SOLE	NONE	0	0	9,490
AMERIPRISE FINL INC	COM	03076C106	1,220	5,250	SH		SOLE	NONE	0	0	5,250
AMPLIFY ETF TR BLACKSWAN GRWT	BLACKSWAN GRWT	032108888	14	450	SH		SOLE	NONE	0	0	450
ANSYS INC COM USD0.01	COM	03662Q105	64	188	SH		SOLE	NONE	0	0	188
APPLE INC	COM	037833100	61	501	SH		SOLE	NONE	0	0	501
APPLIED MATLS INC	COM	038222105	1,096	8,205	SH		SOLE	NONE	0	0	8,205
ARES CAPITAL CORP COM	COM	04010L103	187	10,000	SH		SOLE	NONE	0	0	10,000
BK OF AMERICA CORP	COM	060505104	92	2,384	SH		SOLE	NONE	0	0	2,384
BIO RAD LABORATORIES INC	CL A	090572207	1,025	1,795	SH		SOLE	NONE	0	0	1,795
BIOGEN INC	COM	09062X103	1,031	3,685	SH		SOLE	NONE	0	0	3,265
CATERPILLAR INC DEL	COM	149123101	70	303	SH		SOLE	NONE	0	0	303
CELANESE CORP DEL COM	COM	150870103	998	6,660	SH		SOLE	NONE	0	0	6,660
CISCO SYS INC	COM	17275R102	60	1,167	SH		SOLE	NONE	0	0	1,167
COMCAST CORP NEW	CL A	20030N101	69	1,280	SH		SOLE	NONE	0	0	1,280
COUPANG INC CL A	CL A	22266T109	15	300	SH		SOLE	NONE	0	0	300
CUMMINS INC	COM	231021106	1,171	4,550	SH		SOLE	NONE	0	0	4,550
DR HORTON INC COM STK USD0.01	COM	23331A109	1,038	11,650	SH		SOLE	NONE	0	0	11,650
DAVITA INC COM	COM	23918K108	1,002	9,300	SH		SOLE	NONE	0	0	9,300
DEVON ENERGY CORP NEW	COM	25179M103	1,029	47,100	SH		SOLE	NONE	0	0	47,100
DISNEY WALT CO COM	COM	254687106	88	475	SH		SOLE	NONE	0	0	475
DISCOVER FINANCIAL SERVICES	COM	254687106	1,004	10,570	SH		SOLE	NONE	0	0	10,570
DUKE ENERGY CORP NEW	COM NEW	26441C204	57	591	SH		SOLE	NONE	0	0	591
EAST WEST BANCORP INC	COM	27579R104	1,015	13,750	SH		SOLE	NONE	0	0	13,750
EBAY INC. COM	COM	278642103	1,035	16,900	SH		SOLE	NONE	0	0	16,900
ELECTRONIC ARTS INC	COM	285512109	1,075	7,940	SH		SOLE	NONE	0	0	7,940
FACEBOOK INC	CL A	30303M102	81	275	SH		SOLE	NONE	0	0	275
FIDELITY COVINGTON TRUST	MSCI UTILS INDEX	316092865	13,696	330,115	SH		SOLE	NONE	0	0	330,115
FIRST HORIZON CORPORATION COM	COM	320517105	1,035	61,200	SH		SOLE	NONE	0	0	61,200
FREEPORT-MCMORAN INC COM USD0.10	CL B	35671D857	1,045	31,725	SH		SOLE	NONE	0	0	31,725
GENERAL ELECTRIC CO COM USD0.06	COM	369604103	1,039	79,150	SH		SOLE	NONE	0	0	79,150
GOLDMAN SACHS ETF TR	ACTIVEBETA EME	381430206	4,034	102,145	SH		SOLE	NONE	0	0	102,145
HERON THERAPEUTICS INC	COM	427746102	49	3,000	SH		SOLE	NONE	0	0	3,000
IAC INTERACTIVECORP NEW COM	COM	44891N109	1,027	4,750	SH		SOLE	NONE	0	0	4,750
INTEL CORP	COM	458140100	204	3,187	SH		SOLE	NONE	0	0	3,187
INVESCO QQQ TR	UNIT SER 1	46090E103	7,898	24,750	SH		SOLE	NONE	0	0	24,750
INVESCO EXCHANGE TRADED FD T	S&P500 EQL WGT	46137V357	37,840	267,120	SH		SOLE	NONE	0	0	263,970
INVESCO EXCHANGE TRADED FD T	DWA MOMENTUM	46137V837	12,442	146,150	SH		SOLE	NONE	0	0	141,350
INVESCO EXCHANGE TRADED FD	UNIT	46138B103	5,714	344,030	SH		SOLE	NONE	0	0	344,030
INVESCO EXCH TRADED FD TR II	S&P MIDCP LOW	46138E198	319	6,100	SH		SOLE	NONE	0	0	6,100
INVESCO EXCH TRADED FD TR II	S&P500 LOW VOL	46138E354	12,135	208,680	SH		SOLE	NONE	0	0	201,080
INVESCO EXCH TRD SLF IDX FD	BULSHS 2021 CB	46138J700	3,143	148,750	SH		SOLE	NONE	0	0	148,750
INVESCO EXCH TRD SLF IDX FD	BULSHS 2025 CB	46138J825	638	28,800	SH		SOLE	NONE	0	0	28,800
INVESCO EXCH TRD SLF IDX FD	BULSHS 2023 CB	46138J866	3,070	141,025	SH		SOLE	NONE	0	0	141,025
ISHARES GOLD TRUST	ISHARES	464285105	2,961	182,100	SH		SOLE	NONE	0	0	182,100
ISHARES TR	SELECT DIVID ETF	464287168	95	830	SH		SOLE	NONE	0	0	830
ISHARES TR	TIPS BD ETF	464287176	21,541	171,640	SH		SOLE	NONE	0	0	171,140
ISHARES TR	CORE US AGGBD ET	464287226	359	3,150	SH		SOLE	NONE	0	0	3,150
ISHARES TR	S&P 500 VAL ETF	464287408	438	3,100	SH		SOLE	NONE	0	0	3,100
ISHARES TR	BARCLAYS 7 10 YR	464287440	7,254	64,230	SH		SOLE	NONE	0	0	64,230
ISHARES TR	1 3 YR TREAS BD	464287457	1,078	12,500	SH		SOLE	NONE	0	0	12,500
ISHARES TR	CORE S&P MCP ETF	464287507	547	2,100	SH		SOLE	NONE	0	0	2,100
ISHARES TR	NASDAQ BIOTECH	464287556	7,132	47,368	SH		SOLE	NONE	0	0	47,368
ISHARES TR	RUS 1000 VAL ETF	464287598	5,295	34,940	SH		SOLE	NONE	0	0	34,940
ISHARES TR	RUS 2000 VAL ETF	464287630	671	4,210	SH		SOLE	NONE	0	0	4,210
ISHARES TR	RUSSELL 2000 ETF	464287655	5,649	25,570	SH		SOLE	NONE	0	0	25,570
ISHARES TR	U.S. REAL ES ETF	464287739	13,778	149,860	SH		SOLE	NONE	0	0	149,860
ISHARES TR	CORE S&P SCP ETF	464287804	10,129	93,335	SH		SOLE	NONE	0	0	93,335
ISHARES TR	EAFE SML CP ETF	464288273	101	1,405	SH		SOLE	NONE	0	0	1,405
ISHARES TR	NATIONAL MUN ETF	464288414	14,522	125,140	SH		SOLE	NONE	0	0	125,140
ISHARES TR	MBS ETF	464288588	8,107	74,775	SH		SOLE	NONE	0	0	74,775
ISHARES TR	3 7 YR TREAS BD	464288661	8,105	62,400	SH		SOLE	NONE	0	0	62,400
ISHARES TR	SHORT TREAS BD	464288679	4,578	41,430	SH		SOLE	NONE	0	0	41,430
ISHARES TR	US TREAS BD ETF	46429B267	254	9,700	SH		SOLE	NONE	0	0	9,700
ISHARES TR	CMBS ETF	46429B366	9	175	SH		SOLE	NONE	0	0	175
ISHARES TR	FLTG RATE NT ETF	46429B655	1,655	32,595	SH		SOLE	NONE	0	0	32,595
ISHARES TR	MSCI EAFE MIN VL	46429B689	17,528	240,140	SH		SOLE	NONE	0	0	240,140
ISHARES TR	MSCI USA MIN VOL	46429B697	1,667	24,095	SH		SOLE	NONE	0	0	24,095
ISHARES TR	0-5 YR TIPS ETF	46429B747	27,425	259,415	SH		SOLE	NONE	0	0	259,415
ISHARES TR	MSCI USA MMENTM	46432F396	13,218	82,170	SH		SOLE	NONE	0	0	82,170
ISHARES TR	CORE MSCI EMKT	46434G103	195	3,030	SH		SOLE	NONE	0	0	3,030
ISHARES TR	TRS FLT RT BD	46434V860	1,601	31,820	SH		SOLE	NONE	0	0	31,820
ISHARES TR	IBONDS DEC25 ETF	46434VBD1	2,447	91,200	SH		SOLE	NONE	0	0	91,200
ISHARES TR	IBONDS DEC2022	46435G755	3,247	123,285	SH		SOLE	NONE	0	0	123,285
ISHARES TR	IBONDS DEC2021	46435G789	471	18,325	SH		SOLE	NONE	0	0	18,325
ISHARES TR	IBONDS DEC	46435U697	3,251	120,425	SH		SOLE	NONE	0	0	120,425
JPMORGAN CHASE & CO	COM	46625H100	84	555	SH		SOLE	NONE	0	0	555
JOHNSON & JOHNSON	COM	478160104	53	324	SH		SOLE	NONE	0	0	324
KOHLS CORP COM	COM	500255104	1,037	17,400	SH		SOLE	NONE	0	0	17,400
L BRANDS INC COM	COM	501797104	1,045	16,900	SH		SOLE	NONE	0	0	16,900
LENNAR CORP COM	CL A	526057104	120	1,184	SH		SOLE	NONE	0	0	1,184
LILLY ELI & CO	COM	532457108	33	178	SH		SOLE	NONE	0	0	178
LOCKHEED MARTIN CORP COM	COM	539830109	1,014	2,745	SH		SOLE	NONE	0	0	2,745
LYFT INC CL A COM	CL A COM	55087P104	1,003	15,875	SH		SOLE	NONE	0	0	15,875
MARATHON OIL CORP COM	COM	565849106	1,006	94,200	SH		SOLE	NONE	0	0	94,200
MASCO CORP COM USD1.00	COM	574599106	1,012	16,900	SH		SOLE	NONE	0	0	16,900
MATTEL INC COM USD1.00	COM	577081102	1,032	51,800	SH		SOLE	NONE	0	0	51,800
MCKESSON CORP	COM	58155Q103	1,009	5,175	SH		SOLE	NONE	0	0	5,175
MERCK & CO. INC	COM	58933Y105	45	584	SH		SOLE	NONE	0	0	584
MICROSOFT CORP	COM	594918104	65	274	SH		SOLE	NONE	0	0	274
MICRON TECHNOLOGY INC	COM	595112103	1,305	14,790	SH		SOLE	NONE	0	0	14,790
MOHAWK INDUSTRIES COM USD0.01	COM	608190104	754	3,920	SH		SOLE	NONE	0	0	3,920
MOLINA HEALTHCARE INC	COM	60855R100	1,011	4,325	SH		SOLE	NONE	0	0	4,325
NVR INC COM USD0.01	COM	62944T105	999	212	SH		SOLE	NONE	0	0	212
NORDSTROM INC COM NPV	COM	655664100	1,041	27,500	SH		SOLE	NONE	0	0	27,500
NVIDIA CORPORATION	COM	67066G104	66	124	SH		SOLE	NONE	0	0	124
OCCIDENTAL PETE CORP COM	COM	674599105	1,013	38,050	SH		SOLE	NONE	0	0	38,050
OMNICOM GROUP INC COM USD0.15	COM	681919106	1,018	13,730	SH		SOLE	NONE	0	0	13,730
ON SEMICONDUCTOR CORP COM USD0.01	COM	682189105	1,099	26,400	SH		SOLE	NONE	0	0	26,400
ORACLE CORP	COM	68389X105	1,136	16,190	SH		SOLE	NONE	0	0	16,190
PROCTER AND GAMBLE CO COM	COM	742718109	54	399	SH		SOLE	NONE	0	0	399
PROSHARES TR	S&P 500 DV ARIST	74348A467	7,113	82,455	SH		SOLE	NONE	0	0	82,455
SPDR S&P 500 ETF TR	TR UNIT	78462F103	6,581	16,605	SH		SOLE	NONE	0	0	16,605
SPDR GOLD TR	GOLD SHS	78463V107	10,267	64,185	SH		SOLE	NONE	0	0	64,185
SPDR SER TR	NUVEEN BBG BRCLY	78464A284	33	550	SH		SOLE	NONE	0	0	550
SPDR SER TR	S&P DIVID ETF	78464A763	242	2,050	SH		SOLE	NONE	0	0	2,050
SSGA ACTIVE ETF TR	SPDR TR TACTIC	78467V848	3,426	71,060	SH		SOLE	NONE	0	0	71,060
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	16,202	34,035	SH		SOLE	NONE	0	0	34,035
SPDR SER TR	NUVEEN BLMBRG SR	78468R739	8,946	180,500	SH		SOLE	NONE	0	0	180,500
SALESFORCE.COM INC	COM	79466L302	65	308	SH		SOLE	NONE	0	0	308
SCHWAB STRATEGIC TR	INTL EQTY ETF	808524805	5,037	133,900	SH		SOLE	NONE	0	0	133,900
SELECT SECTOR SPDR TR	SBI MATERIALS	81369Y100	1,535	19,475	SH		SOLE	NONE	0	0	19,475
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	11,552	98,955	SH		SOLE	NONE	0	0	98,955
SELECT SECTOR SPDR TR	SBI CONS STPLS	81369Y308	11,481	168,075	SH		SOLE	NONE	0	0	168,075
SELECT SECTOR SPDR TR	ENERGY	81369Y506	1,777	36,215	SH		SOLE	NONE	0	0	36,215
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	3,158	92,740	SH		SOLE	NONE	0	0	92,740
SELECT SECTOR SPDR TR	SBI INT-INDS	81369Y704	7,049	71,600	SH		SOLE	NONE	0	0	71,600
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	25	190	SH		SOLE	NONE	0	0	190
SELECT SECTOR SPDR TR	RL EST SEL SEC	81369Y860	1,742	44,105	SH		SOLE	NONE	0	0	44,105
SELECT SECTOR SPDR TR	SBI INT-UTILS	81369Y886	12,956	202,305	SH		SOLE	NONE	0	0	202,305
SYNCHRONY FINANCIAL	COM	87165B103	1,173	28,848	SH		SOLE	NONE	0	0	28,848
TARGET CORP	COM	87612E106	63	318	SH		SOLE	NONE	0	0	318
TARGA RESOURCES CORP	COM	87612G101	1,010	31,800	SH		SOLE	NONE	0	0	31,800
TWITTER INC COM USD0.000005	COM	90184L102	1,012	15,900	SH		SOLE	NONE	0	0	15,900
UNDER ARMOUR INC COM STK CLASS A	CL A	904311107	1,055	47,600	SH		SOLE	NONE	0	0	47,600
UNITED RENTALS INC	COM	911363109	1,078	3,275	SH		SOLE	NONE	0	0	3,275
UNITEDHEALTH GROUP INC	COM	91324P102	60	162	SH		SOLE	NONE	0	0	162
VANECK VECTORS ETF TR	SHRT HGH YLD MUN	92189F387	3,974	158,810	SH		SOLE	NONE	0	0	158,810
VANGUARD FUNDS	DIV APP ETF	921908844	1,971	13,400	SH		SOLE	NONE	0	0	13,400
VANGUARD STAR FDS	VG TL INTL STK F	921909768	750	12,100	SH		SOLE	NONE	0	0	12,100
VANGUARD BD INDEX	SHORT TRM BOND	921937827	10,702	130,215	SH		SOLE	NONE	0	0	130,215
VANGUARD BD INDEX FDS	TOTAL BND MRKT	921937835	33,014	389,680	SH		SOLE	NONE	0	0	389,680
VANGUARD TAX-MANAGED INTL FD	FTSE DEV MKT ETF	921943858	8,158	166,110	SH		SOLE	NONE	0	0	166,110
VANGUARD MALVERN FDS	STRM INFPROIDX	922020805	812	15,750	SH		SOLE	NONE	0	0	15,750
VANGUARD CHARLOTTE FDS	INTL BD IDX ETF	92203J407	1,862	32,600	SH		SOLE	NONE	0	0	32,600
VANGUARD INTL EQUITY INDEX F	FTSE SMCAP ETF	922042718	180	1,400	SH		SOLE	NONE	0	0	1,400
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	10,960	180,625	SH		SOLE	NONE	0	0	180,625
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	16,209	311,420	SH		SOLE	NONE	0	0	311,420
VANGUARD WORLD FDS	ENERGY ETF	92204A306	17,789	261,600	SH		SOLE	NONE	0	0	261,600
VANGUARD WORLD FDS	FINANCIALS ETF	92204A405	18,002	213,040	SH		SOLE	NONE	0	0	213,040
VANGUARD WORLD FDS	MATERIALS ETF	92204A801	6,847	39,590	SH		SOLE	NONE	0	0	39,590
VANGUARD WORLD FDS	COMM SRVC ETF	92204A884	65	500	SH		SOLE	NONE	0	0	500
VANGUARD SCOTTSDALE FDS	SHORT TERM TREAS	92206C102	10,247	166,560	SH		SOLE	NONE	0	0	166,560
VANGUARD SCOTTSDALE FDS	SHRT TRM CORP BD	92206C409	5,446	66,010	SH		SOLE	NONE	0	0	66,010
VANGUARD INDEX FDS	REAL ESTATE ETF	922908553	900	9,795	SH		SOLE	NONE	0	0	9,795
VANGUARD INDEX FDS	SM CP VAL ETF	922908611	10,326	62,350	SH		SOLE	NONE	0	0	62,350
VANGUARD INDEX FDS	MID CAP ETF	922908629	11,523	52,060	SH		SOLE	NONE	0	0	52,060
VANGUARD INDEX FDS	GROWTH ETF	922908736	1,337	5,200	SH		SOLE	NONE	0	0	5,200
VANGUARD INDEX FDS	SMALL CP ETF	922908751	9,439	44,090	SH		SOLE	NONE	0	0	44,090
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	46,211	223,579	SH		SOLE	NONE	0	0	223,579
VIACOMCBS INC CL A	CL A	92556H107	1,020	21,625	SH		SOLE	NONE	0	0	21,625
VISA INC	COM CL A	92826C839	63	298	SH		SOLE	NONE	0	0	298
VMWARE INC	CL A COM	928563402	997	6,630	SH		SOLE	NONE	0	0	6,630
WEC ENERGY GROUP INC	COM	92939U106	56	602	SH		SOLE	NONE	0	0	602
WESTERN ALLIANCE BANCORP	COM	957638109	996	10,550	SH		SOLE	NONE	0	0	10,550
WHIRLPOOL CORP	COM	963320106	1,025	4,650	SH		SOLE	NONE	0	0	4,650
WISDOMTREE TR	EM EX ST-OWNED	97717X578	7,524	184,900	SH		SOLE	NONE	0	0	184,900
ZILLOW GROUP INC CL C CAP STK	CL C CAP STK	98954M200	1,108	8,550	SH		SOLE	NONE	0	0	8,550
ZOSANO PHARMA CORP COM NEW	COM NEW	98979H202	6	5,000	SH		SOLE	NONE	0	0	5,000
INVESCO LTD	SHS	G491BT108	1,066	42,275	SH		SOLE	NONE	0	0	42,275
MEDTRONIC PLC	SHS	G5960L103	60	506	SH		SOLE	NONE	0	0	506
NABRIVA THERAPEUTICS PLC	SHS	G63637113	1	440	SH		SOLE	NONE	0	0	440