June 28, 2021

Elliott Wave Update – NQ – June 27, 2021

Friday’s trade did produce two additional new all time highs in what a ended up being more of a consolidation day then upside.  The ES opened this afternoon with an additional new all time high at 4278.50.  This may have completed the sub minute wave 3 and if so a sub wave 4 correction would be expected.  Again the correction would be expected to be more on the shallow side with support at 4270, 4261 and 4257 to 4250 being the zone to contain and complete the correction.  Expectations remain for the ES move higher again reaching the resistance zone at 4286 to 4320 before the entire advancing sequences are complete.