The biggest NAS100 misconception to date affecting most traders
What we saw in the NASDAQ index US100 on Oct 4th 2021 is that the market was retracing to a price in alignment to the pandemic's lowest US100 price. Giving us a different perspective to what the US100 has in store for us in the next century. It is evident that technology is improving on a daily basis, and if US technology is leading that, it will always be increasing in value reaching new all time highs indefinitely.
Should another world superpower or economic powerhouse take over the US, the NASDAQ100 will still keep growing as we living in the era of technology. I recommend traders treating this index as an investment opportunity as the opportunities here are exponential and endless. We have one clear direction, a bullish outcome in the long term. In January 2010, NASDAQ100 was valued at $2300, eleven years later, it is now valued at $16600. I anticipate the US100 to be valued at $45000+ in the next 11 years to come.
With tech giants like Bill Gates & Elon Musk that consistently find ways to enhance technology, it is no secret that this is only the beginning for the US100. The pandemic acted as a reset button for the index and we should expect to see it follow this channel for the next 11 - 22 years to come, the only thing standing in the way of this growth would be for all 100 companies in the index to collapse, how likely is that to happen?
In my analysis, I've added a short term goal at the top of my channel because I anticipate a retracement once that target has been met.
Disclaimer
NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
Should another world superpower or economic powerhouse take over the US, the NASDAQ100 will still keep growing as we living in the era of technology. I recommend traders treating this index as an investment opportunity as the opportunities here are exponential and endless. We have one clear direction, a bullish outcome in the long term. In January 2010, NASDAQ100 was valued at $2300, eleven years later, it is now valued at $16600. I anticipate the US100 to be valued at $45000+ in the next 11 years to come.
With tech giants like Bill Gates & Elon Musk that consistently find ways to enhance technology, it is no secret that this is only the beginning for the US100. The pandemic acted as a reset button for the index and we should expect to see it follow this channel for the next 11 - 22 years to come, the only thing standing in the way of this growth would be for all 100 companies in the index to collapse, how likely is that to happen?
In my analysis, I've added a short term goal at the top of my channel because I anticipate a retracement once that target has been met.
Disclaimer
NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
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