Nasdaq 100 Elliott Wave Daily Update - Monday, May 4

The Nasdaq 100 is consolidating as algorithmic swings and post-earnings shifts create choppy price action.

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Source: DepositPhotos

The Nasdaq 100 is consolidating after a volatile session, with algorithm-driven swings and post-earnings adjustments creating choppy price action. The broader trend still points toward a final push higher to complete the current bullish wave cycle, but upside appears limited as major catalysts fade and geopolitical/macro factors add uncertainty.

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