NASDAQ 100 is advancing within a five-wave bullish impulse from the April lows, in line with Elliott Wave Theory. After completing a wave 4 correction in the form of a bullish flag, price has resumed higher. With wave 4 behind us, the index is now developing wave 5, the final leg of the impulsive move, opening the door for a push toward new all-time highs as long as wave 4 support holds.

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