Nasdaq 100 New Rally Phase
The NASDAQ is entering a new rally phase targeting $15,400 or higher.
Too little corroboration in the last 3 days to call a trend (3 articles). Watching for it to gain traction.
"The bullish case maps April 2026 onto the 1991 and October 2002 analogs — early-cycle continuation rallies after a meaningful correction, supported by improving earnings."
"S&P 500, Nasdaq and Dow Jones Industrial Average opened higher on Friday Iran declared that the Strait of Hormuz was 'completely open' for all commercial vehicles, till the end of ceasefire with the United States."
"The April 14 episode has more in common with 2020 than with 2002 — but the distinction is not yet settled."
"Quite possibly, the NQ may be starting a new rally phase which may attempt to move upward towards $15,400 or higher."