QQQ Nasdaq 100 ETF 2023 Forecast. CPI Report Prediction

12 feb 2023

After the last price target was reached:

My timeline for QQQ Nasdaq 100 ETF after the CPI report on Feb 14 is this:

1. CPI data will come better than expected. The medium forecast in 6.2, I expect 6 - 6.1.
- The market will be exuberant afterwards and QQQ will reach $317 by March 1st, thinking that the FED won the fight against inflation .

2. While inflation continues to be sticky in March, the FED will continue increasing interest rates and won`t stop until something cracks in the economy. Another 25bps increase.
- The market is expected to react and the QQQ will reach $288.

3. The year will end in a positive note, the was in Ukraine will end and the supply chain disruption that was one of the factors of high inflation , will be restored. Inflation down to 3%.
My prediction for QQQ by the end of the year is $332, a 25% increase YOY.

Looking forward to read your opinion about it!

13 mar 2023

Trade chiuso: obiettivo raggiunto

$288 Price Target reached!