Nasdaq 100

Bullish

Archived analysis from Sep 7, 2026, 1:19 PM

Key insight

29,579 consolidates flat (+0.14%) while Dow drops 0.5% — relative strength confirms tech bid; clear break above 30,000 round number unlocks 31,200 swing target.

29,579 holds above the 200-day MA near 27,800 and the 2025 breakout level at 28,500 — tech leadership intact with Dow lagging, confirming growth-sector rotation into Nasdaq.

Main risk

USD/JPY Yen Strengthening

USD/JPY -1.2% to 154.4 tightens carry-trade funding; sustained yen strength historically pressures Nasdaq valuations at high multiples.

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