NASDAQ: SUPER BULLISHNASDAQ Composite IndexNASDAQ_DLY:IXICreadshorts12The Nasdaq is currently advancing through Wave 3 of a larger supercycle. Although the market has recently gone through a correction, I expect another powerful liquidity-driven rally to begin in August. From an Elliott Wave perspective, the Nasdaq has developed a nested 1-2, 1-2 setup. If this structure remains valid, the next major advance should unfold as Wave 3 of 3, typically the strongest and most explosive phase of an impulsive cycle.