Friday’s trade was reactive to the Employment Situation numbers, but failed to break strongly lower and once the U.S. session got underway buyers returned with the NQ putting in a solid rally.  The NQ did  push to a new high at 15708.75 during yesterday’s Globex session.   I have updated The Elliott labeling to reflect the completion point for the minute wave 4 correction, which suggests the NQ is now heading higher in a minute wave 5 advance.  The caveat at the moment is that the NQ could still be tracing out the minute wave 4 correction.  With the low from Thursday being wave A of 4, the high at 15708 being wave B of 4 with a C wave decline now underway.  Support for wave C remains down at 15522 which at this juncture sits at the same level at the hourly 200 MA.  If a ‘C’ wave decline is expected the NQ should move more quickly to the downside and that may start later this evening as the Asian and European markets open.   I have also added the next layer of Fibonacci extensions for minute wave 5. On the chart then are Fibonacci resistance levels for Intermediate wave 5, Minor wave 5 and minute wave 5.  The zones remain in line with a finishing advance up to at least 15750 to 15809 with stronger clusters at 15820 to 15875 and then 15900.