Nasdaq 100
BullishArchived analysis from Aug 21, 2026, 1:19 PM
Key insight
29,386 consolidates Aug highs — sustained close above 29,500 opens 30,000 round number; Gold surging to $4,584 confirms risk appetite but USD/JPY at 158.8 flags latent FX stress.
Holds 29,386 — up 0.57% Friday as Gold at $4,584 and BTC +6.2% signal broad risk-on; index trades well above 200-day MA near 26,800.
Main risk
USD/JPY carry unwind risk
USD/JPY at 158.8 — a sharp yen reversal above 160 or below 155 could trigger carry unwind, pressuring Nasdaq tech multiples sharply.
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