Elliott Wave Update – NQ – May 27, 2021

Thursday’s trade started out more promising that earlier in the week, but failed to reach 13600 which would have put the finishing move to the small correction that has held the NQ range bound. There are no changes to analysis with the potential for another move lower to support at 13600 or a bit below. Or a break above 13730 which would signal the next 5 wave sequence higher is underway. Trading today was somewhat better as well as the market move in a bit larger range. Tomorrow may be slow in pre-holiday trade leaving not much to do past the opening. Monday the markets are closed so the next update will be posted on Monday afternoon.