Nasdaq 100 Elliott Wave Daily Update - Tuesday, May 5

A semiconductor rally led by Micron and AI optimism is driving the Nasdaq 100 into parabolic territory.

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Source: DepositPhotos

A semiconductor-driven rally, led by Micron and AI optimism, is pushing the Nasdaq 100 sharply higher, but the move is increasingly parabolic, options-fueled, and vulnerable to a sharp reversal or blow-off top.

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