Price development Nasdaq
The Nasdaq futures are currently at 18,735, the same level as last week.
Last week, the Nasdaq reached its first price target. This happened with great force, leading our algorithm to indicate that we can expect a swift upward continuation. In the past week, the volatile Nasdaq also displayed a sideways pattern. This does not prompt any change in the outlook. The most likely scenario anticipates a slight correction to 18,400, followed by a rise to 21,500. The most likely scenario only turns negative if the Nasdaq futures drop below the 17,000-point threshold.
Below, you will find the chart of the Nasdaq 100 futures over the past four weeks. You can see the sideways movement since May 15. The volatile Nasdaq showed a brief spike due to Nvidia but quickly returned to the sideways pattern
Important stock market news for the week of May 27, 2024, to May 31, 2024
In the coming week, the US and UK stock markets are closed on Monday. On Friday at 2:30 p.m., key inflation figures from the US will be released. Equity markets are expected to move sideways to slightly lower until then and the inflation figures are expected to cause a big move on Friday afternoon.
Disclaimer: Investing involves risk. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts' own insights and experiences. They are therefore for educational purposes only.