Nasdaq 100
BullishArchived analysis from Aug 19, 2026, 1:48 PM
Key insight
29,639 holds after a multi-month rally; next hard resistance is the 30,000 round number. Gold's surge and dollar softness favour large-cap tech. A clean break above 30,000 opens 31,200 measured by the 2025–26 base.
Holds 29,639 with Gold at $4,458 (+2.9%) signalling risk-on rotation; USD/JPY weakness (-0.8%) eases tech valuations. Index trades above 50-day MA near 28,900, momentum intact.
Main risk
USD/JPY reversal / carry unwind
USD/JPY at 158.3 (-0.8%); a sharp JPY rally unwinds carry trades, hitting Nasdaq tech heavyweights hardest below 29,000.
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