NASDAQ 100 Key Upside Target Revealed Via Technical Analysis

The NASDAQ 100 (QQQ) is looking to push higher on the back of solid Nvidia Corp. (NVDA) earnings. This may be the final push for the markets as it represents peak bullishness.

Based on technical analysis, the NASDAQ 100 ETF (QQQ) has upside to $470 from its current $455. This would represent a 3% move higher in the index.

Should this move to $470 be achieved, it would tag a resistance trend line that is made up of a perfect parallel channel. Channels have an uncanny way of making highs of lows in a stock, commodity or crypto.