Elliottwave Wednesdays: Wave Count Invalidation
By Todd Gordon
January 9, 2018
In this weeks show we review the SPX wave-count. Giving you an in-depth review of the current market situation. Also answering some questions asked from the last show. With earning sessions around the corner this is one episode you don’t wanna miss. Please like this video on youtube and feel free to leave a comment on what you think.
Trading Analysis Todd Gordon
Head Trading 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
Just a short note to congratulate your ability to integrate Elliott Wave into your program.
Considering returning to trading in the future prior to my retirement from the workforce.
Have traded post 1987 period so have some understanding.
Regards
Lots of trash talk in the beginning and it turned me off. Total waste of time. I stopped watching.
A superb SPX Elliott analysis, minutes 4 through 13. No trash talk here.
Minutes 13 through 17: listen up here. No Holy Grails, no guaranteed outcomes.
Elliotwave always delivers greater clarity than most other systems that I know of.
HP Sorry to know you were put off by the initial part of the video just fast forward and watch the rest of it.
Great presentation Todd. Thank you for all your hard work. I love watching ellioticians like you and J.K. I agree with you on financials. As for other indexes could be ABCX and we need another ABC down to complete move.
Basically he admits he doesn’t know anything. What is the value of such analysis?
And his strategy is very strange. He says likely will be sideways in the next 1-2 years roughly between 1900 and 1400. And he is closing his shorts at a loss now at around 1600. Why would you do that? If this analysis is correct there is not much potential to the upside, you can wait to close them when it is again 1400 or at least 1500. Plus, if it is not sideways, but indeed series of 1-2 waves so far the potential to the downside is huge.
Bottom line – shorts should be kept. Both from technical and fundamental side the risk is much on the downside. Yes, Powel said likely will stop interest rate increases, but is this enough to keep the bull alive? I don’t think so, as the now the profits of most companies are rapidly deteriorating because of the Trump’s trade wars. Actually I think Fed would have to start lowering the rates soon but even that may not save the stock market and avert recession.