Last Friday, July 23th, the Nasdaq 100 technology index completed a one week price correction, ending with a three day run up in price and hitting all times high price territory at $15,127 (USTECH100CFD). The move by technology stocks came as investors ease their concerns about growing inflation and potential rising rates. However, post pandemic markets still depends on government 0 interest rates policy, while trying to support economic growth. Accordingly, tech stocks are back in play. Traders took huge profits from our last Nasdaq buy signal on July 7th recommendation and now its a good time to hit it again.
Nasdaq 100 is trading today at 15,090 price level. Traders can take advantage of this situation and Buy Nasdaq 100 at $15,090 with a Price Target at 15,326.