While the NASDQ 100 Index futures contract did actually touch into my resistance zone last week, I expect to see two waves complete into resistance before I really start thinking about any counter-trend bounce being complete.
NASDQ 100 Index Futures Contract *NQ) – 240 Minute Chart
I think that we have almost completed the minor pull-back in the corrective bounce … maybe we actually push down a little more to the minor 61.8% support level which is right on the median line on the bigger broadening price pattern (say at about 6795). In any event, the next push higher (minor c-wave) should suck in lots of perma-bulls/bull-tards, which then will set-up the final push down into support at the end of the bigger, 3-wave structure C-Wave.
Cheers … Leaf_West