The Nasdaq · the compass

The weekly compass.

Where the Nasdaq sits in its structure, read fresh every week.

This is the free anchor of the whole site. One index, counted carefully: NQ futures for the structure, QQQ for the clean chart everyone can pull up. Where are we in the wave? What's the most likely path? And exactly which price proves it right or wrong. Cross-validated every week against the Magnificent 7, because a Nasdaq count that the biggest stocks in it don't confirm isn't a count worth trading.

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This week's read · Oct 30
NQSHORT QQQSHORT NVDASHORT METASHORT SPCXSHORT GOOGSHORT
sample: the live scoreboard updates weekly
The short version

The weekly Nasdaq read places the Nasdaq-100 in its Elliott Wave structure, counted on NQ futures and charted on QQQ, then cross-validated against the Magnificent 7. Each read gives the bias, the levels that confirm or kill it, and the exact price that proves it wrong. Free, every week.

Live chart · QQQ

The chart, live.

QQQ is the tradable proxy for the Nasdaq-100 and the instrument we chart here, a clean, unambiguous license. The structural work is done on NQ futures; QQQ tracks it tick for tick and is what most readers can actually pull up.

QQQ WeeklyNASDAQ:QQQ · Weekly
QQQ weekly chart, dark theme, with the live wave count when available.
QQQ carries the NQ structure tick for tick on the clean-license instrument. The daily chart below carries the current wave count and levels.

Weekly wave count, live when the edition's state file carries one; the produced daily chart below zooms into the near-term structure with its own live wave labels and levels.

QQQ Daily · wave-labeled + levelsNASDAQ:QQQ · Daily
QQQ daily chart, dark theme, with Elliott Wave degree labels and the key trade levels: soft invalidation and the primary scenario's first target.
The near-term daily structure with the levels that decide it: 748.94 the soft invalidation that flips the primary scenario, 679.13 its first target. These are the exact lines drawn on the chart and listed in the Key levels table below. One state file feeds both.

Produced daily chart, wave-labeled and static as of the Oct 30 read.

This week's read · Oct 30

What the data says right now.

The bias

NQ SHORT · QQQ SHORT

The written read is held back pending review this week; the levels below stand on their own. The cross-validation composite across the eight heaviest names reads −0.147.

Scenario weights · NQ

Two paths, weighted

  • 61%: Scenario F, primary (bearish). The leading read this week. See the levels table for exactly what confirms or kills it.
  • 24%: Scenario C (bullish). The next most likely alternative.
  • 15%: the rest. Lower-probability scenarios and refuted residuals.
Key levels · NQ & QQQ mirror

Where it confirms or kills

Level (NQ / QQQ)PriceMeans
Soft invalidation (QQQ)748.94The level that flips the primary scenario
Soft invalidation (NQ)30,939.25The single most important number in the book
Target 1 (NQ / QQQ)28,054.00 / 679.13The primary scenario's first objective
Hard invalidation (NQ)31,513.00A print here kills the primary scenario outright

NQ 28,543.00 · QQQ $690.54 at the Oct 30 close. Structural confidence 53 (NQ) / 56 (QQQ).

What would change the read

The tells I'm watching

  • A move through NQ 30,939.25 (QQQ 748.94), the soft-invalidation level: the first sign the primary scenario needs a second look.
  • A sustained close through NQ 28,054.00 (QQQ 679.13), the primary scenario's Target 1: confirms it's playing out, with 27,495.00 further out as an extension objective.
  • A print at NQ 31,513.00, the hard-invalidation level: kills the primary scenario outright.

The weekly read is free.

This page updates every week: bias, levels, and what would change it. Get it in your inbox the moment it publishes.

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Bias, key levels, and the cross-validation against the Mag 7.
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