NASDAQ 100 Price Forecast – NASDAQ 100 Continues to See Volatility

NASDAQ 100 Technical Analysis

The NASDAQ 100 has been slightly negative during the early hours on Friday, as we continue to see a lot of noisy behavior. All things being equal, this is a market that I think has really started to drift lower, but there is a lot of noise underneath that should continue to be important. The 18,000 level for me is a major large round figure that of course will be a barrier full of options traders standing in the way as well. These large round figures are often full of massive options trades, and this of course has an influence on what happens with the index.

To the upside, if we can break above the 19,100 level, then it’s likely that we will go looking to the 19,500 level after that. Keep in mind that the NASDAQ-100 is highly sensitive to overall risk appetite. And with that being the case, you have to watch other massive indices around the world, such as the S&P 500, the DAX, and see how they’re performing.

If they are starting to roll over negatively, then that will be more likely than not expressed as selling pressure here. And then again, of course, vice versa, if they start to strengthen, that should also help the NASDAQ 100. This is a continuation of the overall trading habits of traders around the world. The market is now starting to ask questions of the market and whether or not we are heading to recession.

For a look at all of today’s economic events, check out our economic calendar.