#NasdaqETFUpdate NasdaqETFUpdate: Where is the Market Heading?**

The **NASDAQ**, represented by ETFs like **QQQ** or **XLK**, remains a key thermometer of technology and growth. After a volatile 2023, investors are asking: **what to expect in the short term?**

**Key Factors:**

1. **AI and Megacaps**: The push from artificial intelligence (NVIDIA, Microsoft) continues to be the engine, but the valuation of these stocks could limit abrupt rallies.

2. **Interest Rates**: If the Fed cuts rates in 2024, the NASDAQ could rebound due to the lower cost of money for growth companies.

3. **Technical Resistance**: Levels like **$18,000 in the Nasdaq 100** are key; a breakout would confirm an upward trend.

**Risks:**

- Correction due to weak quarterly earnings.

- Geopolitics (e.g. US-China tensions) or stubborn inflation.

**Conclusion:** The bias is **moderately bullish**, but with volatility. The ETFs aim to capitalize on innovation, but it is advisable to diversify and stay alert to critical supports. 📈🔍