$ES $NQ #trading futures #Elliott Wave
This morning both ES-mini and NQ-mini have hit the Red Target box:
Even under the bullish wave count that considers that move as a subwave -a- of wave -iii- up bears have a setup for an a-b-c down consolidation targeting the Green Box.
NQ-mini has a less bullish wave count:
We can count the a-b-c move up off the low made last Monday as a micro wave -i- up that should be followed by a corrective -a-b-c- down pullback in a wave -ii- down.