Nasdaq 100

Neutral

Archived analysis from Sep 9, 2026, 8:49 PM

Key insight

29,420 holds key 50-day MA support — FOMC Sep 16 decision and Aug CPI (Sep 12) will determine if the 4-week, 2.5% pullback from ATH extends or reverses.

Stalled at 29,420 as 10-yr yield near 4.82% caps valuation upside; AI chip bid (SOXX +1.7%) offsets seasonal September headwinds and bond pressure.

Main risk

10-yr Treasury yield at 4.82%

Yield near multi-year high compresses NDX multiples; any CPI upside surprise Sep 12 risks spike above 5% and renewed tech sell-off.

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