Two-way action in the NQ and ES on Tuesday without additional clarity being given to the larger count in progress. Therefore, I am continuing to discuss possibilities and updating the chart at the same time. Remember I am listening carefully to the "time" factor as presented by Fibonacci time fractals. Again, my thought is that the markets may burn up more time rather than price. Today's trade does support that thought. On an EW basis then, I am continuing to view the NQ as very likely completing a "c" wave at the 17351 low and being in the process of generating another a-b-c move up that would likely be labeled an "a" wave. The ES is similar and I discuss in detail the similarities and the differences.
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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.
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