NASDAQ 100 Price Forecast – NASDAQ 100 Continues to See Buyers on Dips

NASDAQ 100 Technical Analysis

The NASDAQ 100 pulled back just a bit in the early hours on Monday, but it does look like there’s a cluster underneath that should keep this market somewhat afloat. With that being the case, I’m looking for a little bit of a bounce to get involved in. I think once we break above 20,000, you’ll probably see more momentum enter this market. If we do break down from here, pay close attention to 19,700 and then again, 19,500, which I think is even more supported.

The Nasdaq 100, of course, is getting a bit of a boost due to the idea of loose monetary policy coming out of the United States. And I think that would be more likely than I continue to be the main driver here. That being said, this is a market that I think will continue to be noisy in general. And therefore, you do have to pay close attention to the idea of position sizing and position management.

But nonetheless, it’s definitely not a market that I’d be looking to get short of anytime soon as it looks very likely that we are going to continue to see plenty of people willing to step in and pick up the NASDAQ 100 as it is clearly in a longer term uptrend. And I just don’t see that changing at the moment.

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