Nasdaq 100

Key insight

29,113 consolidates beneath 29,500 resistance — bulls need a volume-backed breakout or positive macro catalyst; failure to clear within 1–2 weeks risks a pullback to the 50-day MA near 28,200.

29,113 holds near all-time highs but -0.06% drift signals exhaustion; no fresh catalyst to extend the rally above key resistance at 29,500.

Main risk

Oil at $98.5 — inflation re-acceleration

Crude at $98.5 pressures Fed to hold rates higher for longer, compressing NDX growth multiples from current elevated levels.