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Elliott Wave Update – NQ – July 12, 2021

Monday’s trade followed current analysis very cleanly, which gives additional support to the current Elliott labelling.  I have been discussing that the market will move higher in a “stair stepping” fashion”.  Thus far the pattern is holding and consistent.  Today’s trade completed the 3 of 3 sequence, with the next degree higher of a 4th and 5th wave sequence in progress to complete wave 3 of 5.  I show this in the video to take out any confusion.  What’s left would be once wave 3 of 5 is complete the next degree higher of a 4th and 5th wave will begin.  Expectations would be for a quick decline of up to 200 points to put in wave 4 and then a just as quick advance in wave 5.


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