US 100Long
NASDAQ EVEN BETTER THAN PLANNED
The new blue line is our new ideal forecast, staying in between the possibilities the green and lower blue lines give, but wow this is even bigger than we thought. We caught a good one.
Technical Analysis:
The NASDAQ 100 index has shown strong upward momentum, recently breaking out above a key resistance level at 15,000. It is trading above its 50-day and 200-day moving averages, signaling a sustained uptrend. The RSI is trending higher but remains below overbought levels, indicating further upside potential. MACD has crossed into bullish territory, confirming positive momentum.
Immediate resistance lies at 15,500, with a break above this level potentially targeting 16,000, the year’s high. On the downside, 15,000 now acts as key support, with additional support at 14,700. The index remains in a solid uptrend, supported by higher lows and strong buying pressure on dips.
Fundamental Analysis:
The NASDAQ is benefiting from a favorable macroeconomic environment and strong earnings reports from major tech companies. Optimism around artificial intelligence and innovation continues to drive investor interest, with tech stocks leading the charge.
Meanwhile, the Federal Reserve’s signal that it may pause further rate hikes due to cooling inflation has supported growth stocks, which are highly sensitive to interest rate changes. Lower yields also make tech valuations more attractive, fueling buying interest.
Additionally, the U.S. economy has shown resilience, with solid GDP growth and a strong labor market. This combination of steady economic conditions and a less aggressive Fed has created a favorable environment for the NASDAQ.
Key Catalysts to Watch:
Upcoming earnings reports, especially from major tech companies.
Federal Reserve updates, including comments on interest rate policy.
U.S. economic data, such as inflation and GDP figures.
Sentiment around innovation sectors like AI, semiconductors, and cloud computing.
Technical Analysis:
The NASDAQ 100 index has shown strong upward momentum, recently breaking out above a key resistance level at 15,000. It is trading above its 50-day and 200-day moving averages, signaling a sustained uptrend. The RSI is trending higher but remains below overbought levels, indicating further upside potential. MACD has crossed into bullish territory, confirming positive momentum.
Immediate resistance lies at 15,500, with a break above this level potentially targeting 16,000, the year’s high. On the downside, 15,000 now acts as key support, with additional support at 14,700. The index remains in a solid uptrend, supported by higher lows and strong buying pressure on dips.
Fundamental Analysis:
The NASDAQ is benefiting from a favorable macroeconomic environment and strong earnings reports from major tech companies. Optimism around artificial intelligence and innovation continues to drive investor interest, with tech stocks leading the charge.
Meanwhile, the Federal Reserve’s signal that it may pause further rate hikes due to cooling inflation has supported growth stocks, which are highly sensitive to interest rate changes. Lower yields also make tech valuations more attractive, fueling buying interest.
Additionally, the U.S. economy has shown resilience, with solid GDP growth and a strong labor market. This combination of steady economic conditions and a less aggressive Fed has created a favorable environment for the NASDAQ.
Key Catalysts to Watch:
Upcoming earnings reports, especially from major tech companies.
Federal Reserve updates, including comments on interest rate policy.
U.S. economic data, such as inflation and GDP figures.
Sentiment around innovation sectors like AI, semiconductors, and cloud computing.
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