Nasdaq – Weekly Analysis
Nasdaq is approaching another important technical checkpoint, and the next move may carry meaningful implications for the broader market.
In this analysis, we examine the latest structure, momentum, and probability map to assess whether Nasdaq is preparing to extend the rally, consolidate further, or signal a more important shift beneath the surface.
CANDLES
Nasdaq closed the week with generally bullish signals and fairly strong technical support. The early-week pullback helped normalize several stretched technical indicators without damaging the broader structure.
The prospective monthly close looks constructive at this point. Overall, Nasdaq remains bullish across multiple frames until signaled otherwise.
Elliott Waves
Short Term
The short-term Nasdaq wave structure now signals better odds for a continued rally. If Nasdaq makes a new ATH in the next 1–2 sessions, the chances of moving toward the green or purple rectangle will increase, and the green path would reconfirm its primary status.
The blue path remains on the table as a possible larger correction for wave (ii), but its probability would weaken if the index quickly confirms higher highs.
The mid-term outlook also looks impressive, although I would prefer to wait for the monthly candle to settle before sharing the final version. That assessment will be better addressed in next week’s monthly report.
SUMMARY
Nasdaq remains broadly bullish, with the early-week pullback helping normalize stretched conditions without damaging the larger structure. The weekly close was constructive, technical support remains strong, and the monthly setup is currently tracking positively.
The short-term wave structure now leans toward continued upside. A new ATH in the next 1–2 sessions would strengthen the primary bullish path and increase the odds of further advance. The larger correction scenario remains possible, but it has moved to a secondary position unless Nasdaq fails to confirm higher highs.
