Friday’s trade saw a continue bias towards the sell side until the final hour where buyers brought the NQ up off the lows to finish the expiration and the week. There isn’t anything new to be adding to the current picture. I have adjusted the labeling to reflect the completion point for wave A of Intermediate 2 at last week’s 15268 high. Friday’s low 14725 looks to have completed wave a of B. This would suggest a small rally to start off the week. A move back to 15500 to 15100 would be expected to contain the small b wave and set the stage for wave “c” of “B” down. Again, support to complete wave “B” remains at 14380, 14105, and then 13831.
April 3, 2022