Nasdaq – Weekly Analysis

Here comes our old acquaintance—the Advance Block. Again. By now, the pattern has become almost familiar enough to shrug off as another temporary nuisance. Markets keep finding ways around these warnings, bulls keep producing workarounds, and Nasdaq has made a habit of testing how many caution signs it can ignore before one finally matters. So this week, rather than overreact to an old signal, we’ll look at what exactly the Advance Block is warning about, how much weight it deserves in the current structure, and whether Nasdaq has another escape route—or whether this time the nuisance may prove a little less temporary. CANDLES & TA: We remember that Nasdaq closed both the monthly and quarterly frames with small but meaningful failures, and last week it also failed to produce a healthy bullish continuation. This week, the saga continued—and now it deserves more attention. Two consecutive weekly failures have formed a…