Strategist Henrik Zeberg forecasts one more Big Tech rally before a sharp reversal
Finbold reported that macro strategist Henrik Zeberg expects one more Big Tech rally, to 37,000-39,000 on the Nasdaq 100, before a fall toward 2022 lows near 10,600.
Why it matters
The call covers US technology equities and the Nasdaq 100 rather than digital assets, so it has no direct read-across to crypto prices. Its significance is limited to one strategist's published forecast: in the evidence available, no fund, company or regulator has acted on it, and the projections are unverified.
Key facts
Macro strategist Henrik Zeberg warned in an X post on September 20 that Big Tech stocks may be in the final phase of a rally before a severe market collapse.
Reported by Finbold
Zeberg projected the Nasdaq 100 could rise to 37,000 in the coming weeks or months before reversing.
37,000 pointsReported by Finbold
Zeberg gave 39,000 as the upper end of the Nasdaq 100 range he expects before a reversal.
39,000 pointsReported by Finbold
Zeberg expects the Nasdaq 100 to eventually fall back toward its 2022 lows near 10,600.
10,600 pointsReported by Finbold
The fall to those 2022 lows would represent a decline of roughly 70% from the eventual peak.
70 %Reported by Finbold
Zeberg's analysis states the current uptrend remains intact and the FAANG index may still have one final advance.
Reported by Finbold
Zeberg cited bearish RSI divergence as a signal of weakening momentum despite rising prices.
Reported by Finbold
Finbold reports that Zeberg believes technology stocks can keep advancing in the near term even as broader economic conditions deteriorate.
Reported by Finbold
What happened
Finbold, the only outlet in this set covering the story, reports that macro strategist Henrik Zeberg posted on X on September 20 that US Big Tech stocks are in the late stages of a bubble and may be approaching one last rally before a sharp collapse. Working from a FAANG-focused US Big Tech Index, he expects the Nasdaq 100 to trade between 37,000 and 39,000 over the coming weeks or months while the current uptrend is still intact, and he also cites bearish RSI divergence as a sign of weakening momentum even as prices rise. He argues technology shares can keep advancing in the near term even as the broader economy deteriorates. After that, he projects the index retreating toward its 2022 lows near 10,600, a decline of roughly 70% from the eventual peak. Finbold places the argument alongside dot-com bubble comparisons on technology valuations, and the entire account traces back to a single X post with no independent confirmation of the projections.
How the story developed
- Update
Henrik Zeberg posts the forecast on X
The strategist argues the technology sector is in the late stages of a bubble and sets out a rally-then-collapse path for the Nasdaq 100.
- First report
First report by Finbold
Big tech’s final melt-up is coming before a major crash, strategist warns
- Update
Finbold publishes the writeup of Zeberg's call
The only outlet in this set to report the story, covering the 37,000-39,000 Nasdaq 100 range, the move back toward 2022 lows near 10,600 and the dot-com comparison.
Affected entities
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Finbold Crypto media | Big tech’s final melt-up is coming before a major crash, strategist warns | Original |
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