NASDAQ 100 at key level

Price is now consolidating below the key 11000. If we look at Elliott wave analysis, this should be the top. However, this summer showed the exuberance of greed and addition of retail traders like Robinhood, shifted the balance making retail trading almost 25% of all trading in the world. So while I am still advocating for a tech bubble burst, it may come later. Still appropriate to look for reverse patterns on 1 and 4 hour charts. A break of 11000 and close of the daily candle would indicate further buying momentum. This year has been truly astonishing.

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