Nasdaq – Monthly Analysis

Nasdaq looks ready to rally. The structure is there, momentum is trying to cooperate, and the bulls appear to have a path forward. But a few technical failures are standing in the way—and they may matter far more than the headline price action suggests. In this Nasdaq Monthly, we take a deeper look at the September and Q3 closures, the higher-timeframe structure, key technical levels, and the Elliott Wave roadmap to determine whether NQ is genuinely preparing for another leg higher—or setting up one more trap before the next major move. CANDLES & TA: I don’t like the Nasdaq monthly and quarterly closures. Both candles missed a close above the previous cycle high by a hair, and the same applies to the weekly close of NQ futures. It almost feels orchestrated—and it is certainly not the kind of detail that should make bulls comfortable. The daily setup is even stranger:…