Nasdaq 100 Elliott Wave Daily Update - Thursday, May 21

The Nasdaq 100 extends its AI-driven rally, powered by aggressive options activity and semiconductor momentum.

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Source: DepositPhotos

The Nasdaq 100 (NDX) continues its powerful AI and semiconductor-driven rally, fueled by aggressive options activity, gamma squeezes, and momentum in server-related chip stocks. Expiration-driven volatility could push NDX toward the key 30,000 level, though risks of overvaluation and sharp reversals remain elevated.

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