Nasdaq 100

Key insight

29,531 consolidates inside a tight range after a multi-month bull run — holding 29,000 round support keeps the path to 30,000 open; a daily close below 28,800 flips short-term structure bearish.

29,531 holds above the 200-day MA near 27,800 and the 2025 breakout zone at 28,500 — trend intact with S&P 500 at all-time highs confirming broad risk appetite.

Main risk

Treasury yield spike / Fed rate stance

10-year yield rising above 4.70% compresses Nasdaq growth multiples; watch Fed speakers for any hawkish pivot signal near 29,000.