Nasdaq 100
BullishArchived analysis from Sep 2, 2026, 1:48 PM
Key insight
29,000 acting as live support — bulls need a daily close above 29,200 (Aug swing high) to reopen the run toward 29,800. Failure flips 28,650 (50-day MA) as the key test.
Holds above 29,000 round number after -0.19% drift; S&P 500 flat at 7,634 confirms no broad risk-off, and Gold at record $4,338 signals liquidity preference rather than flight from equities.
Main risk
USD/JPY at 159.6 — BoJ intervention risk
Yen near multi-decade lows; BoJ verbal or actual intervention could spike JPY, triggering Nasdaq unwind as carry trades reverse sharply.
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