S&P 500 And Nasdaq 100 Forecast – Monday, April 16

Nasdaq 100

The Nasdaq 100 went back and forth during the trading session, testing the 6700 level as resistance. The market continues to be very noisy, and I believe that we will find buyers on short-term debts, as it looks like we are trying to build up enough momentum to reach higher. The 6700 level being broken to the upside opens the door to the 6800 level, and then perhaps the 7000 level longer term. I believe that this market continues to be very noisy, but it certainly looks as if it is trying to grind its way higher. If we can stay away from a trade war, that should send the Nasdaq 100 higher as a lot of the talk between the United States and China has been centered on technology in general, and that could have a massive effect on this market.

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