Nasdaq 100 Elliott Wave Weekly Update - Sunday, Mar 29

Technical Analyst & Trader • Mar 29, 2026 at 4:00 AM EDT

The Nasdaq 100 enters a primary fourth-wave correction as geopolitical tensions and surging oil prices fuel volatility.

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In this week's podcast, I discuss the recent market decline and technical analysis. I explain that the market had moved into a primary fourth wave correction, with the potential for either a 5-wave or 3-wave structure for intermediate wave A.

I highlighted several key factors influencing market volatility, including geopolitical tensions in the Middle East and Eastern Europe, rising oil prices, and gamma levels being "smashed" during Friday's trading. I analyzed specific technical levels, including volatility triggers, put walls, and Fibonacci retracement levels, while noting that multiple indices including the Nasdaq (QQQ) and Russell 2000 (IWM), were now in correction territory.

I concluded by discussing the impact of rising interest rates and Treasury yields on the market, suggesting potential challenges for US debt financing and global investor confidence.

Video Length: 00:48:21

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