Nasdaq Forecast Today 18/09: Index Hits Record Highs (Chart)

(MENAFN- Daily Forex) The Nasdaq 100 is within record territory early this morning per futures trading, this as it traverses near the 24,430.00 ratio with fast trading reflected after the U.S Federal Reserve's rate decisions yesterday.-p src= data-src="" alt="Nasdaq Forecast Today 18/09: Index Hits Record Highs (Chart)" title="Nasdaq Forecast Today 18/09: Index Hits Record Highs (Chart)" class="img-responsive center LazyLoading" lazy=loading>

The first word day traders who want to enter the Nasdaq 100 may want to utter is, caution. The Nasdaq 100 is trading within record values and has moved upwards this morning in futures markets via early speculative zeal as some players continue to pile into the U.S index and look for higher values. In the end the buying momentum today will likely prove correct as a wager, but as always it depends on what the timeframes and goals are of the speculators and investors.

On the 10th, 11th and 12th of September the Nasdaq 100 accomplished the task of proving the 24,000 value was attainable and able to be sustained. Trading early this week maintained the optimism seen in the broad stock markets and the Nasdaq 100 reached nearly 24,400.00 this past Tuesday. Here is where it gets interesting from a day trader's perspective, the Nasdaq 100 languished after Tuesday's highs and its reactions to the Federal Reserve yesterday were not exactly easy to interpret. Choppiness was seen Realms and Bullish Attitudes in the Nasdaq 100

Investors were delivered the interest rate cut they expected yesterday by the Fed, they also were told another cut is likely in October, but after that outlook for next month was delivered murkiness set in. You cannot blame the Fed entirely for the lack of clarity beyond October, because questions regarding what inflation will do in the coming months is legitimate. But in early trading this morning the Nasdaq 100 took the sustained higher realms which languished and has produced more buying.

Top Forex Brokers1 Get Started 74% of retail CFD accounts lose money

Speculators know there is no one way avenue. Reversal lower sometimes will be seen. The optimism being demonstrated in the Nasdaq 100 is not because of the Fed's FOMC decision yesterday. Investors largely got what they expected, perhaps this can be argued as a sign of confirmation and that might be fueling the buying being seen this morning. However, the highs now being attained early today may see some opposite reactions when the U.S investors return to their desks in full in the coming hours. Be careful of volatility today and tomorrow Higher and Speculative Values

The trend is your friend, yes, this is agreed upon. Looking for more momentum higher is the logical choice. But using take profits and having solid risk management in use is vital too. The highs being attained in the Nasdaq 100 may continue to move upwards.

• The buying power that has come into the marketplace is showing signs of a surge.
• The Nasdaq 100 is up over a thousand points since the first couple of days in September.
• The substantial move upwards cannot be counted upon as a constant direction.
• People need to stay realistic and understand that looking for loftier values can and will run into reversals.
• Targeting 24,500.00 may now be a psychological game, but day traders with limited funds need to remember that what goes up can come down.

EURUSD Chart by TradingViewNasdaq 100 Short-Term Outlook:

Current Resistance: 24,450.00

Current Support: 24,401.00

High Target: 24,510.00

Low Target: 24,360.00

Ready to trade our stock market forecast and analysis? Here are the best CFD stocks brokers to choose from.

MENAFN18092025000131011023ID1110081291