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NQ - even my "bullish" count is not that bullish longer term

NQ keeps alive the bearish count.
That count explains that pop as a completion of a corrective wave ( ii ) up.
Indeed, look at the clean (a)-(b)-(c) up bounce off the last week’s low
This is a count identical to that of SMH (semiconductors ETF) (the last chart of this update).

NQ - 240 min chart updated at 10-50 AM on 9-28-2020

However, we can also count NQ in a little bit more bullish way (see the chart below).
Well, that count can be considered “bullish” only in short term perspective because it considers this move up as subwave ( c ) up that should complete a corrective wave B up and set the stage for an impulsive decline of wave C down.

NQ - 240 min chart updated at 10-50 AM on 9-28-2020

My count in SMH can be called bearish.
It considers this move up as a corrective wave ii up to be followed by a strong drop in a micro wave iii down.

SMH - 240 min chart updated at 10-50 AM on 9-28-2020

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