Nasdaq – Monthly Analysis
After several bearish failures in July, Nasdaq closed the first week of August with exceptional strength and is now approaching a potential breakout from its two-month bullish flag. The main focus of today’s analysis is the next target zone—and how different technical frameworks align around it. We will evaluate the developing structure from several angles to determine whether Nasdaq is preparing for another sustained leg higher or approaching an area where risk begins to rise. In this weekly Nasdaq Technical Analysis, we examine the evolving price structure, Elliott Wave paths, momentum setup, key technical levels, and the influence of the Magnificent 7. The goal is to identify the most important signals and target areas before the broader market fully recognizes the next phase. CANDLES & TA: Nasdaq bears failed decisively in July. They came close to confirming a bearish reversal combination on the monthly frame, but lost control in the…
🚀 Unlock the Full Analysis
Comprehensive analysis, Japanese Candlesticks, Elliott Waves, Technical Analysis, Discord community and more.
then $79.99/month. Cancel anytime.
-
All individual packages except Live Trade
-
Strategy: Bond Market & TLT, Dollar & Carry Trade, Volatility Index
-
US Market: S&P500, Nasdaq, Dow Jones, Russell
-
Commodities: Oil, Natural Gas, Silver, Gold, Uranium, Wheat, Corn
-
S&P500 Sectors; Magnificent Seven
-
Global Inflation Tracker
-
Oil Studies, and more.