NASDAQ Mid-term elections correction starting?US Tech 100TRADENATION:USTECTradingShotNasdaq (NDX) has been trading within a Fibonacci Channel since the 2022 Bear Cycle bottom. The bullish trend has been strongly supported by the 1W MA100 (black trend-line) since it broke above it on May 16 2023 and only got tested once in early April during the bottom of the U.S. - China Trade War. With the market trading on Lower Highs since the early June All Time High (ATH), it is technically probable to see a 1W MA100 correction next as every similar Lower Highs, Double Top formation within this pattern, resulted into at least a 1W MA200 (orange trend-line) pull-back. This time, such a correction may coincide with the U.S. mid-term election in November, as investors typically feel hesitant holding risk going towards such fundamental events ("sell first, ask questions later"). As a result, Nasdaq could make contact with the 1W MA100 around 25000 by late October. If the 1W RSI hits its 4-year Buy Zone earlier, we will turn long-term bullish again regardless of the price as this has provided the most optimal long-term buy entries on Nasdaq (March 2026, April 2025, October 2022). --- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇