NASDAQ 100 Price Forecast – NASDAQ 100 Continues to Look Bullish

NASDAQ 100 Technical Analysis

The NASDAQ 100 looks a little elevated at the moment as the market had reacted to the FOMC meeting. At this point, we are likely to see a significant number of questions asked about this momentum. If we do get a pullback here, then I believe it’s probably only a matter of time before we have to test the 19,200 level as shown here on the four hour chart and then possibly even the 19,000 level. I do believe that both of those areas will be widely watched and followed.

On the other hand, we could just go straight up in the air like we did the previous session, but I think we’re probably going to have to digest this little bit of a move because the currency markets are telling us that perhaps the equity markets got a little ahead of themselves. I know, hard to believe, but it is what it is. So, at this point, I’m looking for dips to take advantage of. I do believe that eventually we will get to 20,000.

I thought actually, but at this point in time, this is a market that you cannot short. It’s obvious that the NASDAQ 100 is very positive at the moment. And of course, people are starting to talk about AI again. Remember, there’s always a narrative that Wall Street will push to drive stocks higher, and it looks like we’re having conversations about companies like Oracle now, which are somewhat neutral when it comes to the AI wars.

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