The Elliott Wave Wednesday Live Stream w/ Todd Gordon

By Bennett Tindle
August 5, 2020

Welcome to another week of the Elliott Wave Live Stream show! In this week’s show, we go over AAPL, MSFT, SPX, & NDX. With the overall bullish patterns in the market. Stocks are looking strong for earning. We are seeing many online stocks sore higher. With Wayfair being up 400% since the lows. At home, entertainment stocks are doing well as many people are turning to video games for entertainment.

The S&P is looking to lead into an ending diagonal as we head to the election session. We are currently off -3% from all-time highs. The NDX is now +14% from its last all-time high.

Earning has been treating apple well with an upcoming split. The stock is now 12% from the last earning date. MSFT is another stock our team is looking at for strength to continue. AMD is having a great run a stock we had talked about many times on the show is now pushing 80$ with targets at 100$ our team is looking for upwards pressure to continue.

Aleksander gives a great breakdown of gold. As gold is currently the talk of the trading world, alek sees gold continuing to move higher in an impulsive manner. As we have been in a long term correction in gold.

The Dollar index has moved lower. We see a continuation of a lower dollar but we need to consolidate here first.

Another great week for the team at trading analysis join us every week for an in-depth show on major indexes, communities, forex, and more!

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