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CastAway Trader Predict the Next Market Move

ES and NQ - have hit minimum extensions and completed their structures

Overnight bulls pushed ES higher and tested the Red Target box.
The minimum target at 76.4% ext of a micro subwave a of wave -b- up was hit.
Note that ES is still under the previous top made at 2,965 on Apr 30, 2020.

ES - 30 min chart updated at 8-38 AM on 5-08-2020

NQ has made a new higher higher as we expected.
It has also hit the very minimum 76.4% ext of a micro subwave -a- up.
It has been sitting in a Supply Zone on Daily.
But it has passed 76.4% retracement level but has not tagged the next 85.4% retracement of wave ( A ) down = 9,300.
It has potential to stretchO higher and hit that fib.

NQ - Daily chart at 8-40 AM on 5-08-2020

On a micro chart below NQ looks really toppy.
As we expected, it stretched higher into the apex of that large wedge.
I am going to attempt shorting this market again today.

NQ - 9,000 tick bar chart updated at 8-40 AM on 5-08-2020

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