#NQ $NQ #Elliott Wave #trading setup #Elliott wave
Bears miserably failed to start a leg down off after rejection off the lower edge of the Red Box:

NQ-mini Daily chart
That failure, as always, inspired bulls for a new push higher.
Let’s zoom in to a micro 60 min chart:

NQ-mini 60 min chart
Even after that push higher that bearish micro looks damn good. We still deal with a corrective looking three wave up move off the early Aug’24 low.
If bulls manage to stop that spiky move up at 20,900 – 21,250 I would expect a drop down to 18,600.