Nasdaq 100
BearishArchived analysis from Aug 24, 2026, 8:23 PM
Key insight
29,030 stalls at post-correction resistance — chip-stock weakness pulls index from June highs, Dow-Nasdaq divergence signals active rotation out of tech into industrials/financials.
Fell ~270 pts at Monday's open as chip and mega-cap tech led losses; Nvidia, Apple, Amazon, Micron all red; Dow outperforms on sector rotation out of tech.
Main risk
Chip Export / AI Policy Risk
US-UAE 500k Nvidia chip deal sparks AI leadership debate; policy reversal or new export curbs would hit NDX heavyweights hard.
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