We follow up on the AMZN short from last week and then show the trade we made in the S&P 500 today. Also, I had a visit in the office from two werewolves?!
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- Karl Skrifvars on Is the Market Overbought? Key Market Indicators You Need to Know Now: “do away with the text at the bottom of the videos” Jan 13, 09:07
- Todd on Is the Market Overbought? Key Market Indicators You Need to Know Now: “Thank You!” Jan 8, 13:07
- Romeo on Nasdaq Comp Breaks 20k! Elliott Wave Outlook for 2025 and Beyond!: “Hallo Todd, as an alternate count, could the last movement be a “b” (flat) of 4 circled ?” Dec 12, 04:53
- chris on Let’s Avoid The Awkward Conversation….And Buy THIS Stock: “great to see actual trades online” Dec 6, 09:24
- Hans on BIG Resistance Numbers in the NASDAQ: “Whenever a sharp decline in a bull trend generates as much fear as the recent sharp setback (see the fantastic…” Aug 19, 22:38
Todd, I almost certain that we are in the finishing of wave 4 C (2) going into wave 5 after the compilation of wave 4.
Very possible! Today will be very interesting.
Yesterday’s close below 1875 on the SPX signals more down ward pressure in the weeks and months ahead.This will most likely continue until the market leading Fang stocks reach their long term support area’s.
I agree we will see lower levels. Just playing a short-term oversold bounce and if I’m proven wrong, I will happily close that short-term long. Notice how crude oil and energy stocks have not re-tested the lows. True tech is leading us, but the energy sector is the reason we’ve seen so much volatility in recent months.
….hoping amzn can fight back up to 520 in an oversold bounce
Me too! Watching closely in here.
Is the Russell still on the downside? Please advise!