Nasdaq 100 Forecast: Today, This Week and Beyond (NDX)

The 4-hour to quarterly charts show the Nasdaq 100 as NAS100 from Capital.com with the weekly and monthly close of Friday, 30 October 2026. They were exported on 1 November between 11:00 and 11:04 CET, and every caption names its own time. The yearly chart with the trend channel further down shows the price index NDX, exported on 1 November 2026 at 11:00 CET. The levels come from my own charts.

On the 4-hour chart the last candle of Friday shows a reversal bar. From the low of the bar at 28,091 points a recovery formed, and the price closed at 28,402 points. Before that it had broken straight through the September low.

The close at 28,400 points makes a counter-move likely first at the start of the week. In the course of the week the area around 28,900 points and a retest of the 29,000 mark are likely targets. Above that, the September low at 28,749 points stays resistance and the zone around 30,000 marked in red is the lid.

If the October low is broken, the negative outlook applies here as well. It is at 28,091 points, and a break sets the July low at 26,981 points as the target.

How the broad market is doing belongs to the picture. The whole market is covered in the S&P 500 forecast, and the Dow Jones forecast gives the industrial cross-check.

On the daily chart the strong rise of April and May was first corrected into July. The July low sits at 26,981 points. The latest rise came in two steps above the June high at 30,758 points to the all-time high of October at 31,365 points.

A strong correction followed, and it broke the moving averages down to below the 100-day line. The Friday candle broke the September low straight away. At the daily low of 28,091 points it reached the 200-day line at 28,001 points without testing it exactly and turned slightly above it. That was not enough to win back the September low; the close is at 28,402 points.

The 28,000 mark is now the most important support. Above it a volatile sideways phase can still develop, with the 30,000 mark as the lid. A break of the 200-day line would darken the picture clearly and activate the July low and the 2025 high as targets.

As long as the 200-day line does not fall, the uptrend structure stays active. It also keeps alive the hope for the next upward move.

A short look back: in March the Nasdaq 100 marked its low of the year and ran from there to the then all-time high in June at 30,758 points. After that it moved sideways until September, and the July low at 26,981 points was the lowest low of that phase. In October came the record at 31,365 points and the correction.

The weekly chart mirrors the development of the month. The all-time high in October was left already in the first week of October, and the June high was fallen below. The September low was worked on in the previous week and broken last week, also on a closing basis at 28,402 points.

In the first week of November this can bring further downside momentum. Likely targets are around 27,300 points, with stronger momentum already at the July low at 26,981 points. Below it follows the 2025 high at 26,256 points.

The monthly chart shows an interesting picture. September formed an upward bar, and October followed with a new all-time high at 31,365 points. After that the whole September range was run through to the downside, and October fell below the September low.

This monthly chart uses a linear scale. Equal distances on the vertical axis stand for equal point changes: the step from 28,000 to 30,000 is as tall as the one from 14,000 to 16,000. The quarterly chart and the yearly chart further down use a logarithmic scale instead, where equal percentage changes appear equally large.

At the October low the 28,000 mark came within reach. The monthly close at 28,402 points is below the September low and close to the monthly low at 28,091 points. Whether this momentum continues in November remains to be seen.

In November the July low should come into focus. It is at 26,981 points and would be the next target if the momentum continues.

Above the July low, a sideways phase is still to be assumed. The 2025 high at 26,256 points is significant: a break of this level would switch to correction mode. My broader assessment stays wait-and-see; moving averages are not displayed in this image.

The October low below and the 30,000 zone above decide. The price levels come from my charts; the closing conditions are an editorial guideline. They are reference levels, not order rules.

The quarterly chart shows the Nasdaq 100 in candles of a three-month rhythm. Every candle stands for one quarter, and the scale is logarithmic. It is easy to see that the index has broken out above the 2025 high at 26,256 points.

The quarterly chart still shows the uptrend as stable. In the current fourth quarter price has come back from the all-time high and trades close to the current low at 28,091 points. The 28,000 area with possible support is in focus. The quarter is not finished yet.

On the yearly chart the Nasdaq 100 has been running in a rising trend channel since the financial crisis. The channel starts at the lows of 2008 and 2009. In November 2008 the index fell to 1,019 points; on 6 October 2026 it reached its all-time high at 31,361 points. That is about thirty times as much. Even the slump of 2022, with its low at 10,441 points, did not leave this channel.

This chart is on a logarithmic scale as well. An index that has risen from around 1,000 to more than 30,000 points can hardly be shown any other way. On a linear scale the rise up to about 2010 would look almost flat, although the index swung strongly back then too. The logarithmic scale shows equal percentage steps as equal distances, as explained for the quarterly chart above.

If this growth path continues, I expect around one million points for 2050. For that I extended the trend channel beyond the year 2050, and the years 2030, 2040 and 2050 can be read off the time axis. In 2050 the lower edge of the channel sits at about 750,000 points and the upper edge at about 1.6 million. This extension describes a scenario, not a minimum. Going from 30,883 points on 9 October 2026 to the end of 2050 would need about 15.4 percent price growth per year for one million points.

Over the past 20 years the Nasdaq 100 rose by about 14.6 percent a year. From the end of 2005 to the end of 2025 the pure price index, without dividends, climbed from 1,645.20 to 25,249.85 points, which is the average annual gain including compounding. Three calendar years ended in the red: 2008 with 41.9 percent, 2018 with 1.0 percent and 2022 with 33.0 percent. That record limits neither future losses nor drawdowns along the way. The calculation examples below all start at 30,883 points on 9 October 2026 and assume a steady 14.6 percent a year up to the end of each year. That is an assumption for the arithmetic, not an expected return.

Nasdaq 100 forecast 2030. At the 2030 marker my extended trend channel runs from roughly 32,000 to 70,000 points. The values are read off the chart and rounded. The separate calculation example at 14.6 percent a year gives about 55,000 points by the end of 2030, a little above the middle of the channel. A slump can take the index below the lower edge of the channel as well, so the range is not a reliable corridor for what happens next.

Nasdaq 100 forecast 2040. In 2040 the trend channel lies between about 155,000 and 335,000 points. The calculation example at 14.6 percent a year gives about 215,000 points by the end of 2040 and lands in the lower half of the channel. This range also assumes that the growth path holds. Over 14 years the compounding effect is strong: every year the index grows on a higher base. That is the continuation of the pace so far, not a guarantee.

Nasdaq 100 forecast 2050. At the 2050 marker my extended trend channel runs from about 750,000 points to 1.6 million points. This range assumes that the drawn growth path holds for decades. The separate calculation example at 14.6 percent a year gives about 839,000 points by the end of 2050. Even small changes in the growth rate lead to large differences over this period. The index can leave the channel and stay well below these values for many years. The April 2025 low at 16,542 points is a historical reference level on the monthly chart. It does not mark a safe downside limit.