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Nasdaq Forecast

Elliott Wave analysis, market structure and the latest Nasdaq forecasts.

Nasdaq Forecast

NAS100 Forecast for October 29, 2026

EWM Team1 min read

Price action: NAS100 is at 29,480.43, below the day open of 29,620.43, a decline of 0.47% since the open. The displayed day high is 29,660.93 and the low is 29,350.81, a current intraday range of 310.12 points; these figures may change before the session ends.

NAS100 Forecast for October 29, 2026

Elliott Wave analysis: The October 28 report described the recovery toward 29,682.43 as blue wave ii and kept the bearish scenario below 29,956.73. Today’s chart shows a different wave labeling: blue iii and blue iv are marked, and the drawn path projects a brief rise from the current area followed by further downside. The marked target remains 28,841.64, which has not yet been reached. The chart marks 30,042.46 as the invalidation level; the bearish projection remains in place below it. The projected path is not confirmation that the decline has resumed.

Technical Summary

  • Trend: Bearish projection
  • Current Elliott Wave: Blue iii and blue iv are labeled; further downside is projected.
  • Key Support / Target: 28,841.64
  • Invalidation Level: 30,042.46

Q: Is the NAS100 decline confirmed?
A: Not yet. The chart projects further downside toward 28,841.64, but that move remains pending.

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Nasdaq Forecast

NAS100 Elliott Wave Analysis | October 28, 2026

EWM Team1 min read

The Nasdaq 100 (NAS100) has continued its corrective recovery, rising from 29,435.11 in the October 27 report to 29,682.43 on the updated 4-hour chart. This advance has carried price beyond the previously anticipated 61.8% Fibonacci retracement near 29,550, without breaching the established invalidation level. The updated Elliott Wave structure identifies the recent recovery as blue wave ii, following the decline into blue wave i, while purple (ii) remains labeled at the earlier corrective high. Despite the stronger rebound, the bearish scenario remains intact below 29,956.73. The newly drawn downward projection anticipates renewed weakness toward 28,841.64, although a reversal from the current recovery has not yet been confirmed.

NAS100 Elliott Wave Analysis | October 28, 2026

Technical Summary of Nasdaq 100 Price for October 28, 2026

  • Trend: Bearish.
  • Current Elliott Wave: Blue i labeled; blue ii corrective recovery near its projected endpoint.
  • Key Support Levels: Approximately 29,000; 28,841.64.
  • Key Resistance Levels: Approximately 29,750; 29,956.73.
  • Next Price Target: 28,841.64.
  • Invalidation Level: 29,956.73.
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Market guide

About Nasdaq Forecast

The Nasdaq Composite is one of the most widely followed stock market indices in the United States. It tracks thousands of companies listed on the Nasdaq Stock Market and is particularly associated with technology, communication, and growth-oriented companies. The index is closely followed by traders, investors, financial institutions, and market analysts worldwide.

Nasdaq Forecast and Analysis

Our Nasdaq Forecast provides updated market analysis focused on the potential direction of the Nasdaq Composite. Our analysis covers different timeframes and may include market trends, support and resistance levels, price structure, and potential bullish or bearish scenarios.

At Elliott Wave Monitor, we use Elliott Wave analysis together with technical analysis to study the structure of the Nasdaq market and identify potential price movements. Each analysis is based on the latest available price action and market structure.

What Affects Nasdaq Prices?

The Nasdaq is influenced by a wide range of economic, financial, and corporate factors. These include interest rates, monetary policy, inflation, economic growth, corporate earnings, technology-sector performance, investor sentiment, and overall conditions in the US and global economies.

The monetary policy of the US Federal Reserve (Fed) can have a significant impact on the Nasdaq. Changes in interest rates and expectations for future monetary policy can affect borrowing costs, company valuations, liquidity, and investor demand for growth-oriented stocks.

Technology and growth companies have a significant influence on the Nasdaq. Developments in areas such as artificial intelligence, semiconductors, cloud computing, software, and digital services can affect market sentiment and the performance of companies represented in the index.

Corporate earnings, economic data, bond yields, the US Dollar, global market conditions, and changes in investor risk sentiment can also contribute to movements in the Nasdaq.

Nasdaq Technical Analysis

Nasdaq Technical Analysis can help traders study important price levels and market structures. Our analysis may include support and resistance levels, trend direction, Elliott Wave counts, potential reversal areas, and different market scenarios.

As market conditions change, technical scenarios can also develop or become invalidated as new price information becomes available. For this reason, our latest Nasdaq analysis is regularly updated on this page.

Latest Nasdaq Forecast

This page brings together the latest Nasdaq Forecast and Nasdaq Analysis from Elliott Wave Monitor. New analysis posts are published regularly, allowing readers to follow the Nasdaq across different market conditions and timeframes.

Whether you are looking for a Nasdaq forecast, Nasdaq technical analysis, Nasdaq Composite analysis, US stock market analysis, or Elliott Wave analysis, this page provides a central place to follow our latest market updates and potential price scenarios.