Nasdaq 100
BullishArchived analysis from Sep 2, 2026, 8:48 PM
Key insight
29,147 consolidates near all-time highs — break above 29,500 round-number resistance opens the 30,000 target; failure below 28,600 50-day MA flips near-term structure bearish.
29,147 holds above the 200-day MA near 27,800, confirming the uptrend. Gold at $4,387 and USD/JPY at 158.6 signal risk-on rotation into tech megacaps.
Main risk
USD/JPY unwind accelerating
USD/JPY -1.0% to 158.6 today — further yen strength compresses carry-trade flows funding US tech longs; 155 is the critical unwind trigger.
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