Nasdaq 100

Bullish

Archived analysis from Aug 27, 2026, 3:30 AM

Key insight

29,500 round-number resistance is the immediate test — clearing it opens 30,000 psychological target. Gold's simultaneous surge to $4,634 confirms broad risk appetite, not defensive rotation, supporting further Nasdaq upside.

29,486 extends a multi-month recovery, outperforming Dow and S&P peers on the session. Gold at $4,634 and silver +1.9% signal risk-on rotation into growth tech alongside safe havens.

Main risk

USD/JPY at 159.3 — yen carry unwind

Yen at 159.3 keeps carry trades intact, but any snap reversal below 155 could trigger forced tech liquidation, as seen in Aug 2024.

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