Nasdaq 100 Elliott Wave Daily Update - Tuesday, Feb 24

Technical Analyst & Trader • Feb 25, 2026 at 3:15 AM EST

The Nasdaq 100 remains in a tight consolidation box as Elliott Wave counts signal a potential wave-five advance toward 25,956. Nvidia VDA) earnings and tech rotations are expected to drive the next major directional breakout.

Michael Filighera notes the Nasdaq 100 remains range-bound in a tight consolidation “box” with mixed intraday moves but no decisive breakout.

Elliott Wave counts suggest the market is still in a larger wave-five advance, with upside targets toward ~25,956–26,423 and potentially higher if momentum builds. However, multiple alternate scenarios remain possible, including a deeper corrective wave if key support levels break.

Nvidia (NVDA) earnings and macro catalysts could drive the next directional move, while chip stocks and big tech rotations are influencing short-term sentiment.

Video Length: 00:20:40

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