Both the NQ and ES continued lower for most of Thursday's sessions - which aligns with some minor cycles heading into their respective "troughs" - between now and the beginning of June. I discuss the potential for the minuet 4th waves in both the NQ and ES may have completed at this afternoon's lows, but I am leaving open the possibility that the markets will move down to the next Fib support levels before completing minute 4th waves and moving higher in the context of minuet 5th waves. I discuss the larger counts and where we are in those pictures and also add projections for the minuet 5th wave rallies still to come.
Disclaimer: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures ...
Disclaimer: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC Rule 4.41 – Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will, or is likely to, achieve profit or losses similar to those shown.