Nasdaq 100 Elliott Wave Daily Update - Monday, Feb 23

The Nasdaq 100 tests a critical technical level at 23,854 amid choppy trading. Strength in Apple and Nvidia earnings anticipation will determine if the index enters a corrective wave or resumes its rally.

Markets showed choppy, low-volume action with brief strength driven by Apple (AAPL) and anticipation around Nvidia (NVDA) earnings. The Nasdaq 100 (QQQ) remains at a key technical inflection: a break below 23,854 could confirm a deeper corrective fourth wave, while holding above may support another rally. Volatility is expected around upcoming earnings and macro data.


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