Nasdaq 100 NDX · Forecast & Analysis
Heads-up: USD Core CPI y/y is due in 11 min (high impact). The outlook can shift noticeably around it.
Heads-up: USD CPI y/y is due in 11 min (high impact). The outlook can shift noticeably around it.
Heads-up: USD Core CPI m/m is due in 11 min (high impact). The outlook can shift noticeably around it.
Heads-up: USD CPI is due in 11 min (high impact). The outlook can shift noticeably around it.
Heads-up: USD CPI m/m is due in 11 min (high impact). The outlook can shift noticeably around it.
Heads-up: USD Core CPI n.s.a. m/m is due in 11 min (high impact). The outlook can shift noticeably around it.
Heads-up: USD Core CPI is due in 11 min (high impact). The outlook can shift noticeably around it.
Nasdaq 100 remains bearish: last week's midterm-driven rout and revived AI-regulation fears outweigh a clear 24-hour bounce, and the 8-hour trend is firmly down. Today's CPI releases could set the next leg.
News situation · 63 items / 30 D
2 of 63 straight from the issuer or regulator
NDX chart by timeframe
Trendlines, support and resistance and patterns come from the newest signal of the selected timeframe.
No signal on this timeframe — price and EMA only.
Outlook for Nasdaq 100
Direction, typical moves and upcoming dates from our own price, news and calendar data, recalculated on every visit. An assessment, not investment advice.
No price statement: our price history does not reach that far. Based on 63 news items.
What drives it
- The Democratic midterm sweep revived AI-regulation fears, weighing on the index's biggest names.
- A near-6% single-session drop, NDX's worst since March 2020, signals selling that can extend over days.
- Higher Treasury yields after strong labour data add direct pressure on growth-stock valuations.
- The 8-hour trend is strongly bearish and the 12-hour moderately so, in line with the news flow.
What argues against it
- A clear rise over the last 24 hours shows dip-buyers stepped in once the rout exhausted.
- A fading chance of a December Fed hike would typically ease the pressure on tech valuations.
- S&P 500 and Dow futures stayed up as Nasdaq futures fell, limiting the read-across to the wider market.
- Some strategists see the rout partly as rotation into defensives rather than money leaving equities.
What would change the picture
- Hotter-than-expected CPI due shortly could deepen the pressure; softer prints could steady tech.
- A sustained turn higher on the 8-hour chart would challenge the bearish swing picture.
- Jobless claims in the coming days: a big surprise either way could shift risk appetite.
Coming up
- US: Consumer prices · expected 2.8%, previous 2.6%
- US: Jobless claims
Economic data for NDX
Full calendarComing up
- TodayUSDCore CPI y/y●●●Forecast 2.8%Previous 2.6%in 11m
- TodayUSDCPI y/y●●●Forecast 4.2%Previous 3.7%in 11m
- TodayUSDCore CPI m/m●●●Forecast 0.2%Previous 0.3%in 11m
- TodayUSDCPI●●●Forecast 338.683Previous 336.298in 11m
- TodayUSDCPI m/m●●●Forecast 0.5%Previous 0.6%in 11m
- TodayUSDCore CPI n.s.a. m/m●●●Previous 0.4%in 11m
- TodayUSDCore CPI●●●Forecast 339.796Previous 338.896in 11m
- November 12, 2026USDInitial Jobless Claims●●●in 2 days
All times UTC. Assessed against the consensus forecast, otherwise against the previous value. Price reaction measured on NAS100.
Trend across all eight timeframes
For NDX the larger trends are clearly bearish: the 8-hour is strongly down and the 12-hour moderately so, with the 4-hour also leaning lower. Only the hourly charts show a very weak upward drift — the shape of a bounce inside a larger decline, not a confirmed reversal.
What this means for your trading style
- The 30-minute trend points down, but only weakly, so quick moves lower carry limited momentum.
- The one- and two-hour trends lean up only very weakly against the larger downtrend — no clear intraday direction.
- The strongly bearish 8-hour trend and weak 4-hour downtrend line up, making this the most one-sided horizon.
- The moderately bearish 12-hour trend keeps the larger structure pointed down, tempered by the recent bounce.
Both worlds over time
One dot per day and source, 30 days. Technicals: trend across all timeframes at the close of the day. News: net direction of the day.
What is being reported about NDX
In-depth analysis of Nasdaq 100
AI-generated · as of November 10, 2026
The tech-heavy index is working through the fallout from the midterm sweep: a single-session drop of nearly 6%, its worst since March 2020, driven by fears that a Democrat-controlled Congress will tighten AI regulation and slow data-centre buildouts, compounded by disappointing chipmaker earnings and a chip-sector index that plunged over 10%.
Read full analysis
The news side stays firmly bearish — even Monday's dip in Nasdaq futures after the Nvidia CEO probe announcement fits the pattern — and the larger candle trends agree, with the 8-hour trend strongly down and the 12-hour moderately so. The counterweight is repair work: a clear rise over the last 24 hours shows dip-buyers active, and the rout has been read partly as rotation into defensives rather than money leaving equities. Still, the week nets out little changed, so the bounce has only clawed back the drop. The near-term hinge is inflation: CPI releases due shortly could either keep the pressure on growth stocks or, if softer, revive fading December Fed hike odds and ease it. Until the 8-hour trend turns, the balance of evidence points down.
Frequently asked questions about Nasdaq 100
Why did the Nasdaq 100 fall so sharply last week?
Two forces hit at once. The Democratic sweep of Congress raised the prospect of AI regulation and data-centre moratoriums, and disappointing chipmaker earnings added to the gloom — a chip-sector index plunged over 10% in early trading. The result was a drop of nearly 6% in a single session, the index's worst since March 2020.
What does this week's US inflation report mean for the index?
It is the main scheduled event: several high-impact CPI releases are due shortly, with jobless claims following in the coming days. For growth stocks like those dominating this index, a hotter-than-expected print would tend to keep yields and rate-hike expectations elevated and weigh on valuations, while softer data could ease that pressure.
Is the recent bounce a recovery or just a pause?
The price rose clearly over the last 24 hours after futures pointed to a partial recovery, yet over the full week the index is little changed — the bounce has so far only clawed back part of the rout. The hourly trends point up only very weakly while the 8-hour downtrend stays strong, which reads more like a pause inside a decline.
📝 Overview Generated automatically
NDX has been the subject of 419 signals across 419 articles in the last 365 days. Sentiment skews Bearish (49%).
Breakdown: 152 bullish, 207 bearish, 60 neutral.
Most-cited catalysts: Rising Treasury yields (4×), Rotation out of growth stocks (2×), Goldman Sachs identifies a rare up-crash volatility pattern in tech stocks (1×). Most-cited risk factors: Valuation concerns in tech sector (2×), Regulatory risks for big tech (2×), Profit-taking in tech (2×).
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