The Nasdaq 100 just printed one of the top 10 most bullish statistical readings of the past decade. The tech-heavy index is trading near the 29,000 to 29,700 range, with year-to-date gains approaching 18%.
What exactly happened
The Nasdaq 100 recorded a daily gain of 3.32% during the recent rally, a move large enough to register as statistically significant against the index’s performance history over the last ten years. When you stack that kind of single-session performance alongside broader trend indicators, the composite reading lands squarely in the top 10 most bullish signals the index has produced since 2016.
The signal has been described by analysts as “rare and bullish.” Historically, the Nasdaq 100 has outperformed both the S&P 500 and the Dow over the past decade in total returns.
The Bitcoin connection
