Nasdaq 100

Key insight

29,215 trades below the 29,500 resistance zone while Gold at $4,640 and Oil -1.6% flag a risk-off/deflation mix — Nasdaq needs a clear catalyst to reclaim 30,000.

Holds 29,215 but lags S&P 500's flat session — Dow outperforming signals mild rotation from tech; 29,000 round-number support defines near-term floor.

Main risk

AI valuation compression

Breaks below 28,800 (50-day MA) would expose 28,000 round level and reset stretched AI-sector multiples.