Sunday’s Globex session had a slight higher opening with both the NQ and ES holding higher levels albeit small moving into Sunday’s Globex sessions. The Elliott Wave counts remain the same in that both the ES and NQ both appear to be in the finishing if not finished stages of minute 4th waves. Suggesting that additional minute 5 waves should still be expected. I update the retracements levels should the minute 4th wave still be in progress and also review and reestablish the Fibonacci extensions for the Intermediate C waves, the Minor 5th waves, and minute 5th waves,(using Friday’s lows as the completion points). There are clean Fibonacci clusters for all the finishing moves i.e. Intermediate wave C, Minor wave 5, and minute wave 5 — and in turn at the highest degree currently – Primary B waves.
There is no economic data scheduled for release on Monday. Also, no Fed presidents or governors scheduled to speak.