Nasdaq 100

Key insight

30,420 sits just below the 30,500 round-number resistance; a daily close above it opens 31,000, but failure here risks a pullback to the 50-day MA near 29,800 — watch Thursday's price action for confirmation.

30,420 holds near all-time highs but momentum stalls — index flat at -0.17% while oil at $94.9 tightens the Fed's resolve, capping rate-cut enthusiasm and keeping tech multiples under pressure.

Main risk

Oil at $94.9 — sticky inflation resurgence

Crude at $94.9 forces Fed to hold rates higher for longer, compressing Nasdaq's high-multiple tech valuations toward 29,800 support.