$NQ #NQ #Elliott Wave
I watch that short term bearish scenario:

NQ-mini Daily chart
In the bearish case, at the very least I would expect a 76.4%up, 76.4% down type of a setup to play out:

NQ-mini daily chart
Note that a low made in early Aug 24 was followed by a strong rally retracing slightly less than 76.4%. We saw many times that type of a consolidation when such a corrective rally was followed by another leg down making a higher low retracing 66.7% – 76.4% of that corrective / reactive rally.