See the chart, which is tandem with ES on this count. Looking at a Minor 2. Could push one higher, but doubt it gets far past the .618 extension, especially with that 18416 sitting right there. Some say 20, but the pattern says omh. Maybe.
It is a beautiful pattern, with a leading diagonal, but last I checked, NQ did not overlap the wave ((iii)) impulse. Although, it is overshadowed by the previous high, the impulse is impressive, unlike ES, which appears to have comeback and overlapped with its wave ((iv)).
A decline to 12922.25 would be expected, but if not, a health dip into the 14000 range followed by a reversal is what I am looking for, first things first. Could be a while, so we shall see on this daily chart.
Best,
Cuz
It is a beautiful pattern, with a leading diagonal, but last I checked, NQ did not overlap the wave ((iii)) impulse. Although, it is overshadowed by the previous high, the impulse is impressive, unlike ES, which appears to have comeback and overlapped with its wave ((iv)).
A decline to 12922.25 would be expected, but if not, a health dip into the 14000 range followed by a reversal is what I am looking for, first things first. Could be a while, so we shall see on this daily chart.
Best,
Cuz