Elliott Wave analysis indicates the Nasdaq 100 likely finished its Wave 4 correction and has begun Wave 5 as markets turned risk-on after breaking volatility triggers.

The federal government has unveiled a new agreement to finalise the 2026 budget and outline the main direction for economic policy in the coming years.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $58.65 during the Asian trading hours on Tuesday.

We’re through the heaviest activity of calendar Q3 earnings season, and a bevy of retailers have yet to report earnings in this holiday-shortened week.

The rally has eased oversold conditions across major indices, bringing them back to key resistance levels. With volatility set to spike again, the trader is increasing short positions, anticipating sharp market weakness ahead.