Elliott wave analysis for NAS100.US Tech 100CAPITALCOM:NAS100discobiscuitI wanted to focus on the corrective structures that have occurred after the October 2022 bottom. Liberation Day gave us a zigzag, truncated C wave and sharp reversal to the upside. 5 months of price action from October 2025-March 2026 gave us a regular flat, ending diagonal C wave, and sharp reversal upward. June-July 2026 could be interpreted as another regular flat, but I am suspicious of two flats in a row. With the law of alternation, two flats would need to be interpreted as a 1/2, 1/2 rather than a 1/2/3/4. This would be very bullish, and price above 30758.3 and then 32711.1 would certainly go a long way to confirm that, and the bull market would then have many months left to it. As long as price remains below the ATH of 30758.3, I remain suspicious that the top is in, and short positions entered near ATHs have an excellent risk/reward ratio. The anticipated structure would still be a flat, just of higher degree and with a large C down. Bears see a complete impulsive wave off of October 2022 low, 1>3>5, and bearish target towards Liberation day low of 16324.1 to complete the corrective structure.