Image Source: PexelsThe craziness continues with the markets gapping higher on Sunday’s Globex openings creating a situation where the possibility that the ES and NQ were not finishing up minute 4th waves, but that the pattern in play was a 1,2, 1,2 of a building minute 5th wave up. That was of course before the opening. Once that occurred the NQ started to get sold off and that carried through for the balance of the session. Thus, I’m leaving the labeling as it was on the Weekend update. The alternate, however, would still be the 1.2.1.2 view for an upside move. Tomorrow starts the larger Mag 7 companies reporting earnings with GOOGL kicking it off. The picture may start to clear up once Google reports.Video Length: 00:23:25More By This Author:Weekly Technical Update: Nasdaq 100 – Sunday, Oct. 27
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