It's my belief that NQ has only a little more down to go before a larger rally to take out shorts once again. RSI on most mid time frames 1-4 hr) are showing strong bull divergences and a gap is near 15800 on futures. It's rare that a futures gap would stay open for long.
I think we get to about 15800 this week, and maybe by Wednesday.
After the rally I expect more downside.
Good luck!
I think we get to about 15800 this week, and maybe by Wednesday.
After the rally I expect more downside.
Good luck!
Nota
Good morning, first 3 wave structure has already started. Any selling today likely gets bought and we go up. It will be choppy for a few days it looks like, not a straight up move. Good luck!Nota
Looks like this now, like I said a sell off will probably attract buyers and stop out bears which would fuel the C wave up. Nota
still making the B wave in my opinion. A C down for the afternoon session is what I think comes. Gap on futures may be the target.... Nota
A bear trap and then gap up tomorrow would be the most interesting scenario. This B wave looks ready to turn down, we'll see how they close it. Nota
IF this count is correct (I still think it is) B wave is completed overnight and the C wave starts today, for the stronger and larger rally. If wrong, I will update for sure. Be careful either way.Nota
Nota
tech showing relative strength in the opening salvoNota
buyers need to step in soon if this is going to rally. Nota
lower BB reached, should be support in normal price action - Nota
it looks complete if it's a AB- with C next. The interesting thing is we have clear 5 waves down, so after a Rally, more severe downside is possible, unless the correction is more complex, which could happen. Right now it looks like the 4hr rsi on futures needs a resetting but I can't guarantee anything of course.... Nota
SPX back above the trendline. Rally for a few days IMO. Nota
If correct, target maybe around 4570 on spx - could be today or today and overnight before the numbers at 8:30 tomorrow. 
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