Monday’s trade was again in line with current analysis. Both the ES and the NQ did manage to make a return trip to recent highs — 4200 in the ES and 13370 in the NQ. I’ve update the EW counts and Fibonacci retracements and extensions. Expectations remain for additional upside to occur before the Minor 5th waves are complete and in turn the Intermediate wave C’s and again in turn the Primary B waves.
May 1, 2023