$NQ #NQ #trading setup #Elliott Wave
This morning bears undercut the double bottom but then bulls stepped in and reclaimed that broken support 14,586:
That rally would be just a “dead cat bounce”, a corrective pullback, in a subwave (c) of a corrective wave ( ii ) up. completed corrective wave (ii) up shaped as the Running Flat structure would be followed by a very strong decline in a wave ( iii ) down.
That target for the rally is 15,176.
Break under 14,586 would invalidate that bullish setup.
$ES #Month Opening Range Yesterday, I anticipated a classic “pump-and-dump” scenario following the FOMC announcement. However, that move didn’t materialize.
#FOMC #ES #corrective (a)-(b)-(c) The ES-mini bounced off the early April low in a three-wave corrective structure. So far, wave
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