Nasdaq 100 has risen 25% from its March 31 low 📈 What’s next?

The US100 contract tracking the Nasdaq 100 index has rebounded by over 25% from its local low on March 31. A major driver behind this rally is the semiconductor sector, which in 2026 has once again become a key engine of optimism in the U.S. market. Looking at the US100 daily chart, the RSI is approaching 80, suggesting near-overbought conditions, while the scale of gains over the past 35 days has few precedents in the history of the U.S. equity market.

As a result, a pullback appears possible. In the short term, investors may look for key momentum support around 28,000 points (trendline) and 27,000 points (price action). On the other hand, if the upward move continues, a test of the 30,000 level could be a matter of weeks. This would likely require lower oil prices and increasing expectations of interest rate cuts following Kevin Warsh taking leadership at the Federal Reserve.

US100 (D1 interval)

Source: xStation5

Importantly, valuation multiples of companies within the index still appear subdued—mainly due to recent declines in the software sector and a strong earnings season. Combined price-to-earnings, price-to-sales, and price-to-book ratios remain at historically low levels.

Source: Bloomberg Finance L.P.

17 June 2026, 7:35 PM

Fed Shocks Markets: Slower Growth, Inflation Surge, and Rates "Higher for Longer"

17 June 2026, 7:32 PM

BREAKING: USD extends gains to 1% after the FOMC Conference

17 June 2026, 7:27 PM

BREAKING: EURUSD down 0.4% after the FOMC!

17 June 2026, 6:26 PM

Daily Summary: Will the Fed shake the market?

Indices

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days