Nasdaq 100 Price Forecast: Is the Index Headed for a Repeat of 2018？

Nasdaq 100 Price Forecast

纳斯达克100价格预测

• Following poor manufacturing data,the Nasdaq 100 is comfortably within its August range at 7560

  以下差制造数据，纳斯达克100是舒适其八月范围内的7560

• Now, the tech-heavy Index will look to hold above the 200-day moving average ahead of ISM services data on Thursday and unemployment figures due Friday

  现在，科技重指数关注保持200以上-day星期四和失业数字超前移动ISM服务数据的平均由于周五

• Another miss could exacerbate volatility, in a month that is historically the most volatile on the calendar

  另一个未命中可能加剧波动，在一个月是历史上最挥发性在日历上

Nasdaq 100 Price Forecast: Is the Index Headed for a Repeat of 2018？

纳斯达克100价格预测：是索引为为首的2018年重复

The Nasdaq 100 is down nearly 2% from its Monday open after Tuesdays ISM manufacturing data revealed the sector contracted further in September. The findings worked to exacerbate recessionary fears and has battered risk appetite ahead of two critically important upcoming data pieces. While manufacturing accounts for roughly 15% of the US economy, services make up about 75% of GDP – affording it a much greater share of the measure. Further, US non-farm payrolls are slated to be released on Friday. Consequently, stocks will have a busy conclusion to the first week of October which has already proved volatile.

纳斯达克100是下降了近2％从其开放星期一星期二后ISM制造业数据表明该扇区在九月进一步收缩。这一发现曾加剧经济衰退的担忧，并重创提前两轮至关重要即将到来的数据片段的风险偏好。而制造业对美国经济的约15％的帐户，服务占国内生产总值的约75％ - 得到它的度量的更大份额。此外，美国非农就业数据则预计在周五公布。因此，库存将有一个繁忙的结论到十月的第一周，其已经证明了挥发性。

Ahead of the data, the Nasdaq 100 will look to stem the bleeding as it awaits the next fundamental catalyst. With recent price action, the Indexs leaning looks to be lower, so support at 7528 should be watched closely. While the support offered by the Fibonacci level may not posses the technical merit to rebuke a concerted effort lower, it may provide price indecision on an intraday basis as it did Wednesday.

超前的数据，则纳斯达克100指数将寻求阻止出血，因为它等待下一个根本的催化剂。随着最近的价格走势，倚看起来指数法要低一些，因此在7528的支持，应密切关注。同时由斐波那契水平提供的支持可能不会有拥有的技术优点训斥合力较低，可能盘中的基础上提供价格犹豫不决，因为它没有星期三。

Nasdaq 100 Price Chart: Daily Time Frame (October 2018 – October 2019)

纳斯达克100价格走势：每日时间帧（2018年10月 - 2019年10月）

Created with TradingView

创建与TradingView

On the other hand, the 200-day moving average around the 7385 level – aligning with the Nasdaq‘s swing low in August – could be looked to as the “line in the sand.” A breach of this area would seriously undermine a bullish continuation and would likely open the door to deeper losses, potentially targeting the Index’s June lows at 6940.

在另一方面，围绕7385级200日移动平均 - 八月与纳斯达克的摆动低对准 - 库仑被看为“在风沙线”。违反本区会严重破坏看涨的延续，可能会打开大门，更深层次的损失，在6940可能针对指数的月低点。

Should risk appetite reemerge on the back of strong data or another fundamentally bullish development, the Nasdaq will have to negotiate support-turned resistance. To that end, 7685 may pose the first barrier, followed by the 50-day moving average and the upper bound of the Indexs August range around 7775. While the market has seemingly regained its footing in Wednesday trading, the combination of heightened volatility, upcoming data and the memory of last October, has worked to eviscerate bullish sentiment.

应该风险偏好重新出现在强数据或另一个从根本上发展看好的背面，纳斯达克必须要解决支撑变成阻力。为此，7685可能会带来的第一道屏障，其次是50日均线和上限围绕7775.该指数法八月范围虽然市场似乎已恢复了它在周三的交易基础，波动加剧的组合，即将举行数据和最后十月的存储器，一直在努力剔骨看涨情绪。