Nasdaq – Road Map Update
In this quick update, we outline the key paths for tonight and 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’s signals across multiple hourly frames point toward a continued move lower. There is still a chance that the decline is only a short-term ABC or WXY correction in blue. A sharp, impulsive reversal from the blue rectangle would support a renewed rally.
However, a breakdown below that area, especially in an impulsive fashion, would open the door to a larger five-wave decline in red, labeled (i)–(ii)–(iii)–(iv)–(v).
Let’s see how much damage the futures do overnight.
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