NASDAQ 100 Forecast for April 2023 👉
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However, it’s not until the market breaks above the 14,000 level that one can say that we have truly chewed through a major area ofWhile the 13,000 level of course has been the one area that we have tested multiple times over the last couple of months, it’s worth noting that we recently had a bit of a “throw over” to reach the 14,000 level.If we turn around and break down from here, is very likely that we could go down to the 12,000 level, maybe even down to the 11,000 level.
Wall Street “group think” dictates that some of the bigger stocks in the NASDAQ 100 continue to be favorites of fund managers, regardless of how they perform. With that being the case, I think this is a market that is more likely than not going to go sideways for the month than anything else, but I do favor fading rallies as we continue to see a lot of overhead problems.
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