Nasdaq 100

Key insight

30,379 trades within 1% of the August all-time high at 30,670 — a confirmed daily close above that level opens the 31,500 measured extension. Failure re-tests the 50-day MA at 29,400.

30,379 holds above the 200-day MA near 29,800 — index prints a 5th consecutive higher weekly close, confirming trend. Gold at $4,156 and BTC +1.1% reinforce risk-on conditions.

Main risk

10-Year Treasury Yield Spike

Yield above 4.80% compresses tech multiples sharply — NDX historically drops 5-8% within weeks of such moves.