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…