Nasdaq 100
BullishArchived analysis from Sep 1, 2026, 3:29 AM
Key insight
29,420 acts as near-term pivot: a clean break above 29,800 (Aug swing high) opens 30,500; failure below 28,950 (50-day MA) flips short-term bias bearish. Watch tech earnings revisions for direction.
Holds 29,420 with S&P 500 at record 7,685 — Nasdaq consolidates near all-time highs as mega-cap tech breadth stays positive and rate-cut expectations underpin growth multiples.
Main risk
10-Year Treasury Yield Surge
Yield spike above 4.80% compresses growth-stock multiples — NDX historically drops 5-8% in 3-week windows when 10yr breaks that level.
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