Elliott Wave Update – NQ – April 7, 2021
Tonight’s update includes the Alternate count moves to Preferred status – charts updated new Fibonacci and break levels. Current Preferred count suggests that the Primary wave 5 advance remains in force. Within Primary wave 5 will break into 5 waves of Intermediate degree. Currently Intermediate waves 1-4 are complete with Intermediate wave 5 now in force. Additional upside is expected with fibonacci levels included that include new highs above 14000. The update is longer but worth listening to as I discuss wave personalities and how that reflects in the count moving forward. Also discussed the carney in the coal mine for the NQ that could stop the rally and bring on the Cycle degree wave IV correction within the next month or two.