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Nasdaq – Road Map Update

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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

Right after the futures opened, NQ invalidated the potential impulsive structure upward. The probability of a new lower low is now very high.

In the more favorable path, NQ could complete the entire correction in the blue rectangle. A move into the red rectangle, however, would likely signal a more serious and prolonged drawdown.