Nasdaq 100
BullishArchived analysis from Sep 3, 2026, 3:36 AM
Key insight
29,180 consolidating below 29,500 all-time high zone — sustained close above flips momentum; gold strength and softer dollar confirm tech bid remains supported.
Holds 29,180 with gold at $4,427 and USD/JPY sliding to 157.8 — risk-on rotation into tech intact; no breakdown signal below key 50-day MA at 28,650.
Main risk
USD/JPY carry unwind acceleration
JPY strengthening 0.6% today to 157.8 — sustained yen rally unwinds carry trades, pressuring Nasdaq megacap valuations sharply.
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