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Are you looking for the latest insights into the NASDAQ 100? Look no further. Here at Extreme Investor Network, we pride ourselves on providing unique and valuable information to help you navigate the fast-paced world of trading and investing.
When it comes to the NASDAQ 100, recent technical analysis shows that the index has experienced a slight pullback in the four-hour time frame as it continues to consolidate. It’s important to keep in mind that the NASDAQ 100 is highly sensitive to the actions of central banks, particularly with the upcoming FOMC meeting on Wednesday. Despite the recent dip, it’s essential not to overanalyze the situation. The market appears to be in a phase of time-killing, with potential buying pressure building as we approach the 19,000 level.
As we look ahead, the 19,140 level is currently presenting resistance, but a break above could signal a significant upward momentum. The outcome of the FOMC meeting will likely have an impact on the market sentiment, with a dovish or non-committal stance potentially fueling a surge in stock prices. With the Nasdaq 100’s unique composition heavily influenced by a handful of top stocks, momentum plays a crucial role in driving the index’s movements.
At Extreme Investor Network, we maintain a cautiously bullish outlook on the NASDAQ 100, recognizing its strong momentum-driven nature. Our team of experts closely monitors market trends and developments to provide you with the most up-to-date analysis. Stay tuned for more valuable insights and market updates from Extreme Investor Network.