Nasdaq 100 NDX · Forecast & Analysis
Trend and news alone would read bearish, but the price rose 2.92 % in 24 hours. We show no direction until this clears up. A normal day moves this asset by about 1.17 %.
Heads-up: USD Core CPI is due in 3 h (high impact). The outlook can shift noticeably around it.
Heads-up: USD Core CPI y/y is due in 3 h (high impact). The outlook can shift noticeably around it.
Heads-up: USD CPI y/y is due in 3 h (high impact). The outlook can shift noticeably around it.
Heads-up: USD Core CPI m/m is due in 3 h (high impact). The outlook can shift noticeably around it.
Heads-up: USD CPI is due in 3 h (high impact). The outlook can shift noticeably around it.
Heads-up: USD CPI m/m is due in 3 h (high impact). The outlook can shift noticeably around it.
Heads-up: USD Core CPI n.s.a. m/m is due in 3 h (high impact). The outlook can shift noticeably around it.
The verdict for NDX is mixed: the news side stays bearish after the midterm-driven AI rout, but an unusually large rise over the past day argues against committing to that read. Both outlook windows are rated bearish.
News situation · 62 items / 30 D
2 of 62 straight from the issuer or regulator
- Short-term: Bullish → Neutral
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 62 news items.
What drives it
- An unusually large rise over the past 24 hours, with the hourly and two-hour trends turned back up.
- Dip-buying talk: futures recovered part of the rout and some strategists see bargains surfacing over time.
- US yields eased and December Fed hike odds slipped, both historically supportive for tech valuations.
- Danske reads the selloff partly as rotation into defensives rather than money leaving equities.
What argues against it
- The November 5 rout: more than six percent lost in one session, the worst for the index since March 2020.
- Democratic control of Congress fuels AI-regulation and data-centre moratorium fears.
- The Nvidia CEO probe dragged futures lower again on Monday while the S&P 500 stayed up.
- High-impact US inflation data lands shortly, with jobless claims following in the coming days.
What would change the picture
- A CPI print materially above or below expectations could reset rate expectations for growth stocks.
- If the eight-hour downtrend breaks while AI-regulation headlines calm, the rebound case strengthens.
- Whether the strong eight-hour downtrend reasserts itself after the bounce will settle the direction.
Coming up
- US: Consumer prices · expected 2.8%, previous 2.6%
- US: Jobless claims
Economic data for NDX
Full calendarComing up
- TodayUSDCore CPI●●●Forecast 339.796Previous 338.896in 3h
- TodayUSDCore CPI y/y●●●Forecast 2.8%Previous 2.6%in 3h
- TodayUSDCPI y/y●●●Forecast 4.2%Previous 3.7%in 3h
- TodayUSDCore CPI m/m●●●Forecast 0.2%Previous 0.3%in 3h
- TodayUSDCPI●●●Forecast 338.683Previous 336.298in 3h
- TodayUSDCPI m/m●●●Forecast 0.5%Previous 0.6%in 3h
- TodayUSDCore CPI n.s.a. m/m●●●Previous 0.4%in 3h
- 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
What this means for your trading style
Trend and news alone would read bearish, but the price rose 2.92 % in 24 hours. We show no direction until this clears up. A normal day moves this asset by about 1.17 %.
- Neutral: the fastest charts give conflicting reads, so there is no clean edge for very quick trades right now.
- Bullish: the hourly and two-hour trends have turned up after the rout, though only weakly, so the rebound is not firmly established.
- Strongly bearish: the four- and eight-hour downtrends still dominate, with the eight-hour trend strong despite the recent bounce.
- Strongly bearish: the twelve-hour and daily trends remain down, reflecting the damage from the AI unwind that began in early November.
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 Nasdaq 100 is working through one of its roughest stretches in years. On November 5 the tech-heavy index lost more than six percent, its worst session since March 2020, as the Democratic sweep in the midterms revived fears of AI regulation and data-centre moratoriums, and disappointing chipmaker earnings added fuel.
Read full analysis
A chip-sector index fell by double digits that day. The stress carried into Monday, when Nasdaq futures turned lower again after Nvidia's board announced a probe into its CEO, even as S&P 500 and Dow futures stayed up, a sign the pressure is concentrated in tech rather than the whole market. Against this bearish news flow stands an unusually large rise over the past day, and the index remains only slightly lower than a week ago, so the bounce has eaten into the damage without erasing it. The charts mirror that tension: the hourly and two-hour trends have turned up, though weakly, while the eight-hour downtrend is still strong, a rebound attempt inside a larger decline. The fundamental pressure is therefore intact, but the pace of the last sessions warns against reading the bearish outlook as one-way. Two things can settle it: the US inflation report due shortly, which will move rate expectations for growth stocks, and whether AI-regulation headlines fade or escalate. Traders watching NDX may treat the coming days as the test of whether the rebound survives.
Frequently asked questions about Nasdaq 100
Why is the overall call neutral when the news has been so bad?
The news flow is indeed bearish, centred on AI-regulation fears after the midterm sweep and the November 5 rout. But the price itself moved the other way, with an unusually large rise over the past day, and the hourly trends have turned up. When trend, news and price disagree this sharply, the honest read is mixed rather than committed to one side.
What caused the sharp selloff in the index?
Two forces hit at once. The Democratic victory in both houses of Congress raised the prospect of AI regulation and moratoriums on data-centre projects, hitting the index's largest AI-linked constituents. Disappointing chipmaker earnings compounded it, and a chip-sector index fell by double digits in a single session on November 5.
What should I watch next?
First the US inflation report due shortly, since it will move rate expectations that drive growth-stock valuations, then jobless claims in the coming days. Beyond the calendar, follow AI-regulation headlines and the probe into Nvidia's CEO, and watch whether the hourly rebound holds or the eight-hour downtrend reasserts itself.
📝 Overview Generated automatically
NDX has been the subject of 418 signals across 418 articles in the last 365 days. Sentiment skews Bearish (49%).
Breakdown: 152 bullish, 206 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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