Nasdaq – Road Map Update

As waves mature, they often start to reveal qualities that were hidden earlier in the structure. This is where the Elliott Wave approach becomes exceptionally useful, especially for Nasdaq at moments like this. Elliott Wave Today’s move at the futures open for April 30 may have completed a two-week puzzle. Since April 16, Nasdaq has not completed a single clean impulsive wave that could be treated as part of a larger impulse. There have been too many overlaps after sudden pullbacks. The new ATH printed a few hours ago may have completed wave 5 of an expanding Ending Diagonal in index futures, and the technicals provide moderate support for this scenario. If this hypothesis materializes, the index could experience a violent decline starting overnight or tomorrow morning. Under the Ending Diagonal guidance, the initial wave down could quickly reach the diagonal origin, implying a 4–5% drop. Stay alert….