Nasdaq 100

Key insight

29,490 coils below the 30,000 round-number ceiling — break above confirms extension; rejection and close under 29,000 (50-day MA) flips near-term trend bearish.

29,490 holds near all-time highs but flat 24h print signals exhaustion; S&P 500 also unchanged while European indices shed 0.5–0.6%, flagging cross-market caution.

Main risk

Oil at $92 reigniting inflation fears

Oil +1.1% to $92.3 pressures Fed to stay restrictive longer, lifting real yields and compressing growth-stock multiples at stretched valuations.