Thursday, August 1, 2024

8/1/2024 - NQ Update

 Been a while since I posted counts. I wanted to share the count for the Nasdaq 100 futures (/NQ) because it looks pretty bearish. 

The counts, primary and alternate, look bearish. Wave 1 of (3) could be complete near the 18950 support area. If so, a wave 2 of (3) bounce may target 19275-19280, which is a 50% retracement. 


/NQ (Nasdaq futures)


The QQQ counts the same. 


QQQ