The Nasdaq-100 is entering a corrective pullback as Nvidia weakness signals a minuette wave-2 decline. Expect one more leg lower before the market completes its current structure and resumes a broader bullish rally.
Michael Filighera’s Elliott Wave update sees the Nasdaq-100 in a corrective pullback after weakness led by Nvidia (NVDA). The analyst believes the market is still completing a minuette wave-2 decline within a larger bullish structure and expects one more leg down before a renewed rally.
Video Length: 00:18:56
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