NASDAQ 100 Price Forecast – NASDAQ 100 Continues to Find Support

NASDAQ 100 Technical Analysis

The NASDAQ 100 has been somewhat sideways in the early hours on Thursday, but ultimately this is a market that is very bullish and did see a massive amount of inflows. At this point, you would have to assume that short term pullbacks are buying opportunities. At this point, I’m very interested in the 19,000 level, the 18,750 level and so on. I do think that it’s probably only a matter of time before the Nasdaq 100 goes looking to the 20,000 level, especially considering that it’s just a handful of companies out there that seem to be moving the markets in general. As long as Nvidia does well, so does everything else.

Ultimately, I do think we’ve got a scenario where you just can’t get short of this market, especially considering that there is so much of a bubble going on right now, so much concentration of trading capital that momentum is just going to continue to be the most important thing with this dips continue to be buying opportunities and I do think that the market is now starting to sniff out the idea of getting to the 20,000 level.

Furthermore, we also have the possibility of a Federal Reserve, however, keep in mind that Friday is the jobs report, and it could cause a massive amount of volatility so trade accordingly. Be careful with your position size, but the direction is very obvious at this point in time. The NASDAQ 100 will likely lead the rest of the US indices higher.

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