{"id":13154,"date":"2025-05-19T20:59:18","date_gmt":"2025-05-19T20:59:18","guid":{"rendered":"https:\/\/alchemymarkets.com\/?post_type=market_insights&#038;p=13154"},"modified":"2025-05-19T20:59:20","modified_gmt":"2025-05-19T20:59:20","slug":"nasdaqs-more-tech-surge","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/it\/education\/market-insights\/elliott-wave\/nasdaqs-more-tech-surge\/","title":{"rendered":"Nasdaq&#8217;s Next Move? Elliott Wave Hints at More Tech Surge"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><strong>Executive Summary<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Trend Bias:<\/strong> Bullish continuation within a developing third wave.<br><\/li>\n\n\n\n<li><strong>Immediate Target:<\/strong> 22,208 based on 1.618 extension of wave (i).<br><\/li>\n\n\n\n<li><strong>Key Level:<\/strong> 20,245 must hold to preserve the bullish structure.<br><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Current Elliott Wave Analysis<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"772\" src=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/05\/NDQ_2025-05-19_15-29-27-1024x772.png\" alt=\"\" class=\"wp-image-13155\" srcset=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/05\/NDQ_2025-05-19_15-29-27-1024x772.png 1024w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/05\/NDQ_2025-05-19_15-29-27-300x226.png 300w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/05\/NDQ_2025-05-19_15-29-27-768x579.png 768w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/05\/NDQ_2025-05-19_15-29-27.png 1173w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The 4-hour Nasdaq 100 (NDX) chart reveals a developing <a href=\"https:\/\/alchemymarkets.com\/education\/guides\/elliott-wave-theory\/\">Elliott wave<\/a> impulsive pattern, currently progressing within wave (iii) of a larger impulse. After completing wave (ii) near 19,012 \u2013 which likely marked the end of a sharp ABC correction \u2013 the market launched into wave (iii) with strong momentum.<\/p>\n\n\n\n<p>Within this developing wave (iii), the market appears to be completing or has just completed minor wave iii, with prices currently consolidating just below the <a href=\"https:\/\/alchemymarkets.com\/education\/indicators\/fibonacci-extensions\/\">Fibonacci extension <\/a>cluster of 1.618 extensions of wave i, which projects to the 21,414\u201321,558 zone. This aligns well with typical third-wave behavior \u2013 often the strongest and longest within a motive sequence.<\/p>\n\n\n\n<p>A minor wave iv pullback may soon emerge, with ideal retracement targets in the 20,732 &#8211; 21,035 range, a typical 23.6% &#8211; 38.2% <a href=\"https:\/\/alchemymarkets.com\/education\/indicators\/fibonacci-retracement\/\">Fibonacci retracement<\/a> of wave iii. Importantly, wave iv should remain above the 20,245 level (the top of wave i to maintain the impulsive integrity of the move.<\/p>\n\n\n\n<p>Momentum-wise, RSI is elevated at 78.76, indicating overbought conditions but consistent with wave iii behavior. Short-term consolidation is likely before the market attempts wave v of (iii), which could reach as high as 22,208, the 1.618 extension of the entire wave (i) measured from the wave (ii) low.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Bottom Line<\/strong><\/h2>\n\n\n\n<p>The Nasdaq 100 remains in a strong impulsive uptrend, working through wave (iii) with bullish potential toward 22,200+. Any correction should ideally hold above 20,245, with dip-buying opportunities likely emerging near 20,800. The bullish wave count remains intact unless <a href=\"https:\/\/alchemymarkets.com\/education\/guides\/support-and-resistance\/\">key support<\/a> is breached. Traders should prepare for a wave iv pause before a potential final push in wave v of (iii).<\/p>\n\n\n\n<p><strong><em>You might be interested in\u2026<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-alchemy-markets wp-block-embed-alchemy-markets\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"Ee8oP32NMM\"><a href=\"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/sp500-climbing-the-3rd-wave\/\">SP500 Elliott Wave: Climbing the 3rd Wave<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;SP500 Elliott Wave: Climbing the 3rd Wave&#8221; &#8212; Alchemy Markets\" src=\"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/sp500-climbing-the-3rd-wave\/embed\/#?secret=Ja6jlg4lfm#?secret=Ee8oP32NMM\" data-secret=\"Ee8oP32NMM\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elliott Wave analysis of the Nasdaq 100 (NDX) points to bullish continuation. Key support at 20,245. Wave (iii) may be extending higher.<\/p>\n","protected":false},"author":160,"featured_media":13157,"parent":0,"comment_status":"open","ping_status":"closed","template":"","market_insights_categories":[16],"class_list":["post-13154","market_insights","type-market_insights","status-publish","has-post-thumbnail","hentry","market_insights_categories-elliott-wave"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nasdaq&#039;s Next Move? Elliott Wave Hints at More Tech Surge - Alchemy Markets<\/title>\n<meta name=\"description\" content=\"Elliott Wave analysis of the Nasdaq 100 (NDX) points to bullish continuation. Key support at 20,245. 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