Nasdaq 100

Key insight

29,200 round number acting as fulcrum — break above 29,500 resistance opens 30,000; failure below 28,800 50-day MA signals a deeper pullback toward 28,000 Fib support.

Holds 29,197 with a -0.08% drift — index is digesting its extended 2026 rally near all-time highs as buyers and sellers reach equilibrium ahead of key macro data.

Main risk

Fed policy pivot reversal risk

Hawkish Fed minutes or a hot CPI print could push 10-yr yields above 4.8%, pressuring high-multiple tech at 29,197.