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Elliott Wave Update – NQ – September 8, 2021

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Wednesday’s trade did finally give me enough information to label the ‘internals’ for minute wave 4.  Thus far it appears to have formed a double a-b-c structure.  I’ve updated The Elliott labeling to reflect minute wave 4 completing at today’s low at 15523. While there remains the possibility that wave 4 still has more to go in the way of a triple a-b-c structure, but for now I’m giving the benefit of the doubt to wave 4 being complete.  As it stands today, I continue to expect a minute 5th wave advance to move prices to new highs above 15709 and above 15800.

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