NASDAQ 100 Forecast: NASDAQ 100 Sees Continued Relief on Thursday

• Short-term pullbacks continue to be a buying opportunity in the NASDAQ 100, as Thursday continued to show us.

The Nasdaq 100 is positive again during trading on Thursday as traders relax from the fear-driven trading that we had seen over the last couple of days. Ultimately, this is a market that I think continues to look at the 26,000 level as a potential target and a place where we could see the market run into a little bit of trouble.

However, if we can get above there, and I think we do eventually break above there, we have a situation where traders will probably start piling into the market as it offers quite a bit of momentum and FOMO at that point. Short-term pullbacks continue to be a buying opportunity, with the 25,000 level underneath being a bit of a floor.

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Driven By Artificial Intelligence

Ultimately, the Nasdaq 100 will be driven by a lot of different things, not the least of which will be artificial intelligence, as AI continues to be one of the main drivers of stock trading around the world. Furthermore, we have to ask questions as to whether or not risk appetite will continue to improve, and I do think it will.

So, with that being the case, it’s probably only a matter of time before we break out to a fresh new high. 2026 looks like it’s going to see strength in the US economy, and that, of course, has a major influence on the Nasdaq 100 as the bulk of the big companies are out of Silicon Valley or Texas.

So, with that being the case, I look at this as a market that is just simply grinding back and forth, trying to find a catalyst to break out to the upside. Eventually it will, and then the measured move should be to the 27,000 level, possibly even higher than that. If we were to turn around and break down below the 25,000 level, that could send this market down to the 24,500 level, but as things stand right now, nothing on this chart suggests that we are falling apart anytime soon.

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