One Elliott Wave reading puts the S&P 500 in the most powerful stretch of its advance since 2009, the “third of a third” of an extended impulse, with a cluster of projections between 7,675 and 8,454 standing in the way. Todd Gordon, founder of Inside Edge Capital, lays out that primary count on the weekly chart and then tests it against an alternate reading in which the bull market is in its final wave. He then turns to the NASDAQ and semiconductors for clues about which version holds up. Fair warning: this one is for viewers who already speak Elliott Wave.