Nasdaq 100
BullishArchived analysis from Aug 28, 2026, 8:48 PM
Key insight
29,432 consolidates at cycle highs — Gold and crypto selling hard while NDX holds flat, suggesting institutional rotation into large-cap tech. Break above 29,700 round-number resistance opens 30,000.
29,432 holds above the 50-day MA near 28,900; index flat on the day while Gold -3.1% and BTC -3.2% signal a risk-rotation into equities, keeping NDX bid near all-time highs.
Main risk
USD/JPY at 160 — BoJ intervention risk
USD/JPY at 160.1 triggers BoJ verbal warnings; a shock rate move could reverse carry trades funding long Nasdaq positions.
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