NQ – 15min trend

As always we look at the 15min Charts for our “larger degree” Trend, and when we looked at the 15min NQ we can see that it hit the Typical Wave 3 WPT, This signalled that the prior rally was over and that a decline should follow. As such, this set the trend to down for the “shorter term” 3 and 5min Charts.

So now let’s take a look at the 3min NQ Chart

Lastly, notice how we are now on the March 2010 (H0) contract.....

Thanks, Steve