For those new to our Elliott Wave-based analyses and as a reminder to our regular readers, we have been tracking an ending diagonal (ED) pattern for the NASDAQ100 (NDX) for several months, and in our previous update from December 27, 2024, we concluded “… contingent on holding at least below yesterday’s high at $21837, and especially below the recent all-time high at $22133, we should expect the index to bottom around the $20300-600 level for the red W-iv before it can stage the next more significant, red
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