NASDAQ Technical and Fundamental AnalysisUS Nas 100OANDA:NAS100USDHichamAMMFundamental bias Bias for NAS100USD: Bullish, with medium confidence, but recognizing active correction risk (good for swing trading, not blind buy‑and‑hold at any price). Key reasons: Macro expansion + AI theme: Global and US outlooks see continued expansion through 2026–27, with AI‑driven capex and profit growth particularly strong in technology and communication services – sectors that dominate the Nasdaq‑100. Equities still favored over bonds: Multiple research notes argue the balance of risks “favors developed‑market equities, led by U.S. stocks,” and that strong bottom‑up fundamentals should propel the rally further. Soft‑landing / higher‑for‑longer combo: The Fed’s stable 3.5–3.75% range supports a non‑recessionary environment; rates are restrictive, but not so tight that they are clearly killing earnings yet. Strong YTD trend despite July correction: Even after a ~4.1% July drawdown and a double‑top, the Nasdaq‑100 is still up around 21% year‑to‑date; technically this is more often a correction in a bull trend than a full cycle top, unless macro clearly worsens.