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Elliott Wave Update – NQ – April 12, 2021

Another range bound day in the NQ as the markets await the start of earnings season. Slight update for the Elliott count. I have labeled the high at 13842 the completion point for the minor wave 3 and the lows at 13648 as the completion point for minor wave 4. This suggests that we have begun the final stages of the larger intermediate wave 5 and a Primary wave 5 and in turn a degree higher the Cycle wave 3. Updated Fibonacci levels revealed two zones to potentially complete the entire advance, The first begins at 14117 to 14262. The second zone begins at 14407 to 14514. As the move progresses I will be able to narrow the ranges and fine tune the Fibonacci levels.

 


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