Nasdaq 100

Key insight

29,455 consolidates at multi-month highs; break above August swing high ~29,700 opens a run toward 30,000 round number. Failure to hold 29,000 (50-day MA) would shift near-term bias to neutral.

29,455 holds well above the 200-day MA near 26,800 — trend intact. Flat 24h session on last day of August signals consolidation, not distribution, with S&P 500 at 7,690 confirming broad market strength.

Main risk

10-Year Treasury Yield Spike

Yield surge above 4.80% historically compresses NDX multiples — watch the 10yr closely as Fed holds rates elevated through H2 2026.