Nasdaq 100

Key insight

29,549 sits in no-man's land between 50-day MA support at 28,800 and the 30,000 round-number resistance — a clean break above 30,000 opens the 2026 high at 31,200; failure risks a retest of 28,200.

29,549 holds above the 50-day MA near 28,800 with tech leading the tape; S&P 500 at 7,720 confirms broad risk-on, and USD/JPY at 158.4 keeps yen carry funding intact.

Main risk

Fed policy surprise / hawkish pivot

Sticky inflation forcing a Fed pause extension would hit NDX multiples hard; 10-yr yield spike above 4.8% historically pressures growth valuations.