Elliott Wave Update – NQ – March 29, 2021

In the NQ, I continue to track a wave -2 corrective bounce. On yesterday’s update I discussed the structure and the potential for continued upside under the current count. That remains the case with wave -2 now tracing out a triple a-b-c pattern. Updated count included along with Fibonacci and break levels for both upside and downside. Expectations for tomorrow include a continued rally with potential to reach 13100 and higher within the preferred count. Downside remains in the picture as well — both directions have provided strong trading opportunities. Be flexible in trading what is happening in front of us.