Nasdaq 100 Elliott Wave Daily Update - Wednesday, Feb 25

By Michael Filighera of Logical Signals

Technical Analyst & Trader • Feb 26, 2026 at 2:10 AM EST

The Nasdaq 100 remains in consolidation as Elliott Wave structures point to a fifth-wave advance toward 26,600. While Nvidia (NVDA) momentum supports a bullish outlook, a break below 25,200 would signal a deeper market correction.

Michael Filighera says the Nasdaq-100 (QQQ) remains stuck in a sideways consolidation despite a recent rally driven by Nvidia (NVDA) earnings and strong tech momentum. While gamma levels and bullish wave counts still support a push to new highs above 26,600, the market has yet to show decisive strength.

Elliott Wave structure suggests the index is working through a complex fifth-wave advance, likely forming a diagonal pattern. Upside targets remain intact if support holds near 25,200, with resistance around 25,675, 25,956, and above 26,000. However, a break below key invalidation levels near 24,165 would indicate the market is still in a prolonged fourth-wave correction, potentially leading to deeper downside before another rally.

Overall, the outlook remains cautiously bullish but uncertain, with markets awaiting stronger catalysts, broader participation from tech stocks, and clarity from economic data and geopolitical developments before making a decisive move.

Video Length: 00:17:35

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