Nasdaq 100

Neutral

Archived analysis from Sep 28, 2026, 8:19 PM

Key insight

30,273 flatlines at key inflection — break above 30,500 targets 31,200 all-time extension; failure reclaims 29,800 50-day MA. Gold -3.8% and Oil +0.4% suggest macro rotation away from safe-havens, not yet confirmed in tech.

30,273 holds flat after a multi-month rally; index sits just below the 30,500 round-number resistance with momentum stalling and Gold's -3.8% drop signalling a risk-sentiment rotation.

Main risk

USD/JPY at 157.4 — yen carry unwind

157.4 is historically elevated; a sharp yen reversal hits leveraged Nasdaq longs hard, as seen in Aug 2024's 10%+ drawdown.

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