Nasdaq – Road Map _01

Nasdaq did not just pull back today — it delivered a technical message. The selloff was sharp enough to challenge the short-term bullish structure, pressure key support, and force a fresh look at the roadmap. What looked like a controlled consolidation before the Fed quickly turned into a much more important test after the market absorbed the hawkish nuance of the message. In this Nasdaq road map update, we examine whether today’s decline was only an aggressive reset within a larger bullish structure, or the first step toward a more bearish path. The focus is on the key invalidation levels, the wave structures now in play, and the next probable targets if selling pressure continues — or if bulls manage to reclaim control quickly. Elliott Waves On Sunday, I shared this chart and mentioned that a new ATH would generally reduce the odds of a larger correction. NQ did it….