Nasdaq – Weekly Analysis
Nasdaq cleared the first hurdle—now comes the truth test. This Weekly reads the tape, candles, momentum, and waves, to mark the flip levels, timing windows, and trap zones that separate a fresh run at ATHs from a top-in-progress. If you plan to be early, not the liquidity, start here.
CANDLES
Nasdaq delivered as expected. After last week’s strong bullish close, the index pushed higher and finished this week with clear bullish continuation signals.
Short-term: bullish.
Long-term: bullish.
Statistical Analysis
The long term statistical analysis posted on the last day of May remains intact.
Elliott Waves
Mid Term
The green path remains primary, but the blue alternative is gaining traction. If momentum holds, the blue could become the primary within a few weeks.
SUMMARY
Nasdaq remains long-term bullish after the August close. Following an expected early-September wobble, it is building another leg higher. The weekly, monthly, and larger frames are bullish, with solid technical support. Overall, statistics, technicals, and trend structure continue to favor a sustained rally.
Happy Trading!
