It would appear that NQ Futures have completed their Intermediate B wave (counter trend rally) that began with last October's low of 10,484.50 by reaching all the way to 14,570 yesterday during cash market. It may take the rest of the market a little while to realize its over. Plus, ES appears to need more to complete to the upside, so I am guessing NQ could chop around over 13500 for another month, but by early July, I am looking for 10500-11500.
Check out the chart. Will update as this C-wave develops.
Best,
Cuz
Check out the chart. Will update as this C-wave develops.
Best,
Cuz