(MENAFN- Daily Forex)

• The Nasdaq 100 continues its steady climb, breaking above 25,400 with momentum toward 26,000.
• Pullbacks remain buying opportunities, supported by the 25,000 level and the 50-day EMA, reflecting strong bullish sentiment despite external pressures.

NASDAQ 100

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The Nasdaq 100 rallied quite nicely during the trading session on Friday as the market broke above the 25,400 level in the early part of the session. Ultimately, this is a market that should continue to see a lot of buying pressure, and I anticipate it's only a matter of time before market participants continue to look at this as a market where any dip is a buying opportunity.

I Still Believe in 26,000EURUSD Chart by TradingView

With that being said, I believe this market will reach the 26,000 level. Short-term pullbacks continue to attract plenty of buyers. The 25,000 level should be an area of interest in and of itself, as it is a large, round, psychologically significant figure that captures the attention of many traders. Underneath there, we have the 50-day EMA and the uptrend line at the bottom of the channel, which also come into play.

Ultimately, this is a market that, over the longer term, continues to follow a steady upward trajectory. Volume did pick up here and there, but at the end of the day, it's steady as she goes, and that's a very good look for an index that has faced considerable external pressures from tariff discussions and similar issues. However, we have blown through the latest tariff-related candlestick, and it now looks like we are truly positive at this point, with no interest whatsoever in shorting. Ultimately, as I said, I believe we go to the 26,000 level, possibly even higher than that before it is all said and done, but as the tariff situation continues, the markets will see volatility from time to time.

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