$NQ #NQ #trading setup #Elliott Wave
NQ needs to make a new all time high in order to finish a five wave up structure off the rally off the Oct 2023 low (see the Upper Red Box on the chart below):

NQ-mini Daily chart
The ideal macro target for that final push higher is 22,600.
The main question is how NQ can get up there.
My main assumption remains that this Sep 2024 move up is part of a corrective move up that should be followed with a short lived panic driven emotional drop in some subwave -c- down or (c) down. The ideal micro target for this corrective rally is the upper edge of the lower red box at 20,900.
If NQ tops at or inside the lower Red Box the first target for the following drop would be 19,600 (a 50% retracement).
In the most bullish case if we get that drop and bulls stop it at 19,600 that would be a really good setup for a very strong push to a new all time high with target 1 = 22,270 and the target 2 = 23,280.