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NASDAQ 100 and S&P 500 Forecast for Q3 2025
Updated: Jul 4, 2025, 16:48 GMT+00:00
The US indices have been strong in Q2, and now people will be waiting for the Federal Reserve and its decision on whether to cut rates or not.
NASDAQ 100 Technical Analysis
The NASDAQ 100 has shot straight up in the air over the last couple of months after melting down in what probably can only be described as a little bit of schizophrenic behavior. A lot of this was due to the tariff threats, which now the markets don’t seem to be taken seriously at all. We have since catapulted to fresh new highs and I think Q3 is probably going to see a little bit more of the same. I do expect the occasional pullback, but at this point, I think the 22,250 level is your initial support level, followed by 21,000.
It would not surprise me at all to see the Nasdaq 100 rip to the 24,000 level by the time we get done with the third quarter. Keep in mind that a lot of this quarter of the year tends to be somewhat quiet, although you would never know it looking at the weekly chart of the last month or so. But with Donald Trump in office, there’s always the threat of a tweet that can send things flying. Either way, we’ve seen good economic news, we’ve seen bad economic news, and the Nasdaq 100 continues to climb. That tells you everything you need to know.
S&P 500 Technical Analysis
The S&P 500 hit an all-time high in the beginning of July, as Q3 should continue to see plenty of buying. At this point, it’s very likely that we will continue to see somewhere around 5,900 your absolute floor in the market during this quarter. Again, this is the time of year where you start to see a little bit of hesitation from stock traders as they go away for the summer. But really any more that’s starting to become less and less of a massive effect.
I think dips will continue to be bought into as we have reached all-time highs, and it’s likely that we’re going to go looking to at least a 6400 level after a pullback, or perhaps just race to the 6600 level by the end of the year. I think that’s a very realistic target at this point. I have no interest in shorting either of these indices, but I do recognize that we could get some type of noise coming out of the White House or trade negotiations that causes chaos. But that chaos will be bought into if the last massive sell-off is any indication.
About the Author
Christopher Lewisauthor
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
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