Annual forecast for Nasdaq 100 Index (2021)
By
Azeez Mustapha
PUBLISHED:
29 Jul 2021 @ 02:50
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More info about Azeez Mustapha
Nasdaq 100 price (NASDAQI:NDX) is a clean bull market; a roaring bull market. The bullish bias has been existing since February 2021. This is a trend that is supposed to continue.
Short selling is not recommended in this market as any pullbacks will eventually turn out to be opportunities to buy at lower rates, and in the context of an uptrend.
Price is above the EMA 20, and the William’s % Range period 20 has remained in the overbought region for a long time. Only long trades are advised here – by buying of short-term pullbacks.
The bias on Nasdaq 100 is bullish for this year, and price can still reach the resistance lines at 15,000.00, 16,000.00 and 17,000.00 before the end of this year.
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