Earnings Week Update + The Chart I’m Paying Attention To Right Now
By Todd Gordon
October 22, 2018
Watch our latest video update to find out how we’re positioned and how our capital is deployed right now for both the short- and long-term. I will walk you through how we’re planning on taking advantage of the post-earnings period, and much more.
Also, let’s take a look at the troubling signs coming from the Russell 2000 chart and what it means to the overall markets. I will be showing you exactly what I’m paying attention to on small caps for an indication on whether the S&P 500 can hold current support levels.
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Trading Analysis Todd Gordon
Analyst and Founder
Todd has been trading for the last 20+ Years. His goal is to not only provide insightful analysis and trade alerts, but as the quote from the infamous trading classic states, we show you how to think and grow as a professional trader. Todd uses Elliott Wave analysis to trading his edge. Todd has not only traded his money professionally he has also worked at two different hedge funds doing analysis and research. Click Here To Learn More Todd Gordon
Your EW count is incorrect. (You had it correct a few months ago…). The Jan/Feb ’18 sell off was an intermediate 4. It was a triangle. The E wave bottom was the low in late Apr/early May. Then there was an intermediate 5, now complete. Now SPX is in the “middle” of a Primary 4 down. Best of luck.