Monday’s trade was inline with current analysis for the NQ.  Initially the market did produce some stronger “choppiness” as buyers and sellers struggled for control.  The sellers did gain the upper hand with the NQ producing an additional low under 15000 at 14992.  I have updated the Elliott labeling to reflect what has taken place as the Minor “C” wave continues.  Thus far Friday’s 15652 low completed minute wave 1 with Friday’s high at 15956 being the completion point for minute wave 2.  From this point the NQ began dropping in a minute 3rd wave down.  Wave 3 is subdividing with wave 1 of 3 likely complete at the globex low at 15503.  This suggests that wave 2 of 3 remain in progress appearing to need additional upside before completing.  Resistance comes in at 15745, (the hourly 50 MA) and then 15800.  Once complete expectations would be for the NQ to again move lower in a “3 of 3” move breaking easily back below 15500 and heading towards next support at 15231.