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

All charts on this page show the Nasdaq 100 price index NDX at the close on Friday, 9 October 2026. They were exported on 11 October between 15:32 and 16:17 CEST, and every caption names its own time. The levels come from my own charts.

On the hourly chart the Nasdaq 100 has reached a new all-time high above the June high. On 6 October it rose to 31,361 points. Since then price has corrected slightly, but it is holding the June high at 30,762 points and closed at 30,883 on Friday. How it develops from here remains to be seen.

Two gaps are still drawn in the chart. On 18 August the market tore a gap downwards, on 21 September one upwards. The candles in between stand in the chart like an island, which is why this pattern is called an island reversal. It counts as a reversal signal, because the same price area was first left in a jump and then jumped over again.

The zone around 29,800 points is the correction target. Both gaps lie close together there and have not been closed so far. Open gaps often pull price back, so the zone can work like a magnet. A pullback there would not, on its own, break the uptrend.

The red downtrend line and the blue support line both run towards this zone. On the hourly chart both trend lines run close to the gaps. Price has broken out above the red line, which now counts as possible support.

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.

The breakout above the August high carried on above the June high in October. The June high at 30,762 points was the previous all-time high. On 6 October the index marked a new all-time high at 31,361 points and has traded above the June high since then.

The June high should work as support in the coming week. The index closed at 30,883 points on Friday, and the daily low at 30,770 points was only just above that level. If it holds, the breakout stays valid.

Next to the June high, the August high is the next support. It sits at 30,196 points and was the resistance the index overcame in September. The blue support line also stays important. It held price at the September low at 28,753 points.

Above it, follow-through and new record highs are to be expected. As long as price stays above the June high and the blue line, the picture stays positive. The red downtrend line from the June high has been overcome and runs towards the zone of the two gaps around 29,800 points. A pullback there would be a possible correction target.

A short look back: in March the Nasdaq 100 marked its low of the year at 22,841 points and ran from there to the then all-time high in June at 30,762 points. After that it moved sideways until September, and the July low at 27,176 points was the lowest low of that phase. The breakout followed in September, and on 6 October came the new record at 31,361 points.

On the weekly chart the triangle has resolved to the upside. The downtrend line from the June high and the blue support line from the March 2026 low ran ever closer together. Since the week of 21 September price has been above the red line, so the chart picture stays positive.

The current all-time high sits at 31,361 points and dates from 6 October 2026. Last week price came back from there and is still fighting for the June high at 30,762 points. The weekly close was at 30,883 points.

The outlook stays positive as long as the blue support line is not broken. It runs up from the March 2026 low and touches the July low and the September low on the way. Only below it does the chart picture turn negative.

A pullback into the zone around 29,800 points is possible at any time. That is where the two gaps from the hourly chart and the red downtrend line lie. A pullback there does not damage the uptrend.

The monthly chart shows the long-term direction, and that direction is up. Since the low of April 2025 the Nasdaq 100 has almost doubled. The October candle stands at the highest monthly level of the whole move, so the long-term picture is clearly bullish.

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 two yearly charts below use a logarithmic scale instead, where equal percentage changes appear equally large.

The consolidation since June has been left to the upside in October. July, August and September moved sideways, and a consolidation is nothing other than a breather inside the trend. With the new all-time high in October that pause is resolved, and resolved to the upside.

The blue support line connects the lows of April 2025 and of March and April 2026. It supports the uptrend structure. Next to this line, the July low at 27,176 points is the most important support, and the two lie close together.

My broader assessment stays bullish. What counts here is price action and the drawn blue support line. Moving averages are not displayed in this image.

The June high above and the blue support line below decide. The price levels come from my charts; the closing conditions are an editorial guideline. They are reference levels, not order rules.

The yearly chart shows the index since the 1990s. Every candle stands for one year, and the scale is logarithmic. The two big slumps are easy to see: the bursting of the dotcom bubble from 2000 and the financial crisis of 2008. After both the index went on to new records.

A diagonal could cap the way up at some point. The blue line in the chart connects the 2007 high with the 2021 high. Price has come closer to it, but it still lies above the record. That is not a price target and not a level for the coming months, but a possible resistance line for the years ahead.

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 on the yearly 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.