Nasdaq – Weekly Analysis

What Nasdaq did last week was statistically unprecedented. In plain terms: never before. When a major index enters territory with no direct historical precedent, the signal deserves more than a passing glance. In this analysis, we examine Nasdaq through the lens of statistics, candles, momentum, and Elliott Waves to assess the implications of this extraordinary development and outline the next moves, risks, and technical targets that may follow. CANDLES Never before has Nasdaq challenged the 3-standard-deviation boundary of the Bollinger Bands, let alone closed above it. In May, it did so across several mid-term frames, including the weekly and 8-day charts. As a reminder, the one-sided probability of such an event is roughly 1 in 741. A significant countermove may now be brewing, with a very preliminary downside estimate of 20% or more. In the candle department, NQ ended Friday with a strong Bearish Engulfing, although the signal still requires…