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Member’s Video for Thursday, August 3rd, 2017
Consolidations continue allowing our butterflies more time to work. We’re still waiting for that terminal push into resistance around the 2500 mark in SPX giving that long awaited chance to look at short positions. Also, here’s an update on the Bitcoin cash fork.
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Is it possible that the triangle is complete in the SP500 & Nasdaq100 by tomorrow morning? Is it possible that with NFP coming out, it sets the E wave low by early tomorrow morning before the release then charge higher with good numbers? Or does it charge higher and create a D wave, falling back down early next week? Or if it’s bad numbers will it create a C wave low? Could I have your thoughts on this? By the way, I noticed that there are a few different training links on your site. How does this work? I think you mentioned about the Elliot Wave class in previous videos. I was not able to attend the webinar, when is the next one? Does it teach complex corrections? Thank you Todd, I appreciate the analysis! EW is fascinating stuff.