The NASDAQ 100 (QQQ) has surged to irrational levels in the last month of 2019 and early 2020. Stocks like Apple Inc. (AAPL) are up over 100% in a year with a close to $1.5 trillion valuation. Shares of Tesla (TSLA) are up 125% in just 10 weeks and Beyond Meat (BYND) has surged 75% in just 5 trading days. This is clear irrational exuberance but that does not tell investors exactly when the party will stop. This article is not to tell you when it stops but rather give the NASDAQ 100 stock market correction target when it does.
Based on the calculations and charts, the NASDAQ 100 stock market correction target is $198.00. This would be an approximate 10% correction on the index from its current $220.45 level.
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