Nasdaq completes a routine correction inside a Bull market

Jul 19

This is the weekly chart of the Nasdaq 100; the most recent dip comes after a five-wave advance on the chart. So the decline is only a correction along the path of a larger up trend—wave ii of 3 in this case, where wave 3 can continue to ward 22377. Support is at 19581 and 19344; one of the two should hold.