Nasdaq – Road Map Update

Nasdaq is entering a potentially decisive session, with the latest price action beginning to shape a clearer short-term road map. In this quick update, we outline the key paths for tomorrow, identify the levels and structures that matter most, and assess the potential implications for Nasdaq, SPX, and the broader market if the current setup begins to resolve. Elliott Wave Nasdaq has surpassed the Fibonacci extension that would normally fit a healthy blue abc consolidation and now has a chance to form an impulse of a higher degree overnight and tomorrow. There is a fair chance that the index completes wave iii overnight, then spends much of the regular session developing wave iv. If wave iv proves corrective, we could also see wave v unfold tomorrow and complete the structure into the close. Notably, the other major indices are aligned with this near-term road map….