Nasdaq 100

Bullish

Archived analysis from Sep 4, 2026, 1:20 PM

Key insight

29,500 acts as intraday pivot; break and close above 29,750 (Aug swing high) opens a run toward 30,000 round-number resistance. Relative strength vs Dow (-0.3%) confirms tech leadership.

Holds 29,500 with breadth intact — Nasdaq outperforms S&P 500 and Dow on the session, mega-cap tech bid absorbs macro cross-currents including gold/BTC risk-off pressure.

Main risk

Gold/BTC simultaneous selloff

Gold -1.9% and BTC -2.6% on same session signals broad risk-off rotation; sustained USD strength at 156 JPY could pressure NDX multiples.

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