Elliott Wave Update – NQ – May 3, 2021

The NQ continues to move lower in wave “c” of a minor wave 4 correction. Expectations remain for the NQ to slip lower to support at 13707 to complete wave 3 of c before a small wave 4 correction yields to the final wave 5 down to complete wave “c” and also minor wave 4. Support to complete minor wave 4 remains at 13625, 13572 and the zone at 13490 to 13450. Expectations remain for the advance to pick up again as minor wave 5 unfolds with the NQ move once again to new all time highs above 14065.