Nasdaq 100

Bearish

Archived analysis from Sep 28, 2026, 1:18 PM

Key insight

30,770 all-time high set Sep 22 now acts as key resistance; 30,425 holds above the 30,000 breakout level but needs a geopolitical de-escalation catalyst to retest highs.

Pulls back 1.3% from all-time high of 30,770 (Sep 22) as US-Iran tensions and AI safety fears hit futures; oil surging +1.8% to $93.3 adds macro pressure.

Main risk

US-Iran Strait of Hormuz Standoff

Trump rejected Tehran's Hormuz reopening proposal; oil at $93.3 (+1.8%) — sustained rise above $95 stokes stagflation fears and pressures NDX multiples.

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