Nasdaq 100

Key insight

30,000 is the make-or-break level: four consecutive sessions testing it without a clean close above signals a bull-trap risk; a daily close above 30,050 opens the 2024 ATH at 21,050 — wait for confirmation before adding.

Stalling at 30,000 round-number resistance — flat 24h print after a multi-month rally signals exhaustion; Gold +1% and BTC +1.9% suggest rotation away from large-cap tech.

Main risk

Round-number resistance at 30,000

Rejection at 30,000 with flat price action and Gold at record $4,418 signals risk-off rotation that could drag NDX to 29,200 50-day MA.