Nasdaq 100 Elliott Wave Daily Update - Monday, Jan 26

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The Nasdaq 100 is currently in the late stages of a "Minute Wave 5" rally, following a volatile Globex session where it recovered from a deep gap down to 25,365. While algorithms drive much of the recent exhaustion-prone movement, technical indicators suggest a target area between 26,188 and 26,586 before a more meaningful correction occurs.


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