Nasdaq 100

Key insight

29,249 holds above the 50-day MA near 28,800, but intraday rejection off 29,500 resistance keeps bulls on defence. Oil spike threatens higher-for-longer Fed stance — next catalyst needed before extending gains.

Pulls back 0.6% to 29,249 as broad risk-off hits equities; S&P 500 -0.4%, Dow -0.8%. Oil +2.7% stokes inflation fears while BTC +4.3% signals selective risk appetite — mixed tape, no clear trend break.

Main risk

Oil spike reigniting inflation pressure

Crude +2.7% to $86.5 threatens Fed pause narrative; 10-yr yields at risk of re-rising, compressing Nasdaq multiples below 29,000.