NQ - needs one more push higher into the Red Target Box
In my previous report posted on 22 April 2019 I predicted that Nasdaq needed to make another push higher before it finally tops. I wrote:
“There is a strong confluence of extensions in the area in between 7,775-7,825 where that rally in a strong wave ( iii ) up may complete. You can see potential targets fro the drop in wave ( iv ) down on the chart below.”
As yo can see below, Nasdaq slightly pierced through resistance and fell back under. I do not change my count and consider this drop as a start of a bigger pullback.