$NQ #NQ-mini futures #trading setup #Elliott Wave #Weekend
Please note that I switched from June 2023 (NQU23) to September 2023 NQ-mini contract (NQM2023).
I can’t make a case that NQ-mini has topped:
This micro count argues for first for a micro a-b-c down consolidation making a higher low (at 14,655 – 14,600) and then for one more spike higher up to 15,000+:
I can come up with an alternative micro count for ES-mini futures that would allow bulls to push it higher as well:
This alternative bullish scenario would allow bulls to properly test the target 2 outlined at the beginning of the weekend update published tonight: “…The target 2 is 4,380 – 4,385”.