I do not see NQ making a higher high even if ES manages to do that
I can see how bulls can push ES and RTY to one more higher high.
But I can not see how NQ can do the same.
Because NQ dropped too low broke under the critical support of subwave b down of wave iii up ( 12,481 made on 6 Jan 2021 ).
That means that NQ will be consolidating in wave ( b ) up holding under the top made at 13,890.25 on 15 Feb 2021.
How high that corrective bounce in wave (b) up may climb?
So far NQ has approached only 50% retracement fib.
It still has room to go higher to 66.7% or even 76.4% – 85.4%.
NQ - 240 min chart updated at 9-05 AM on 3-11-2021
When we deal with wave ( b ) we always expect it to be subdivided into -a-b-c-.
The a-b-c move up off the low could be not the whole ( b ) up but only its first leg, subwave -a- up.
Then we could expect a corrective pullback in subwave -b- down to be followed by another rally in subwave -c- up.
NQ - 60 min chart updated at 9-05 AM on 3-11-2021
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