{
  "id": 12027793,
  "title": "Nasdaq 100’s uptrend intact after rebound above key support",
  "url": "https://urgent.news/2026/10/04/nasdaq-100s-uptrend-intact-after-rebound-above-key-support",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-04T23:00:00.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/nasdaq-100s-uptrend-intact-after-rebound-above-key-support"
  },
  "original_language": "en",
  "account": "The Nasdaq 100 maintained its upward trajectory in mid-October 2026 after surging above a crucial support level. The index remained in harmony with a rising trendline from the March 2026 lows to the July and September lows. Although Nasdaq 100 futures had briefly surpassed their all-time highs on October 1, 2026, the index remained slightly below record levels during actual trading, suggesting continued near-term selling pressure near the all-time high. This advance followed a consolidation phase between the 0.236 and 0.382 Fibonacci extension levels at 29,050 and 30,200, measured from the March low to the June high and July low. The index surpassed this range mid-September, indicating a recovery in momentum across the tech sector. However, investors remain wary of corporate earnings, monetary policy, and sector rotation as market dynamics near record highs. From a technical standpoint, the Nasdaq 100 is presently assessing an essential resistance cluster between 30,900 and 31,050, a zone formed by the record high and the 0.50 Fibonacci extension level. A decisive break above 31,050 would suggest a robust continuation of the primary bull market, leading to a target between 31,800 and 32,000, aligning with the 0.618 Fibonacci extension level. On the downside, support layers are well-defined to absorb potential pullbacks. The first layer is between 30,050 and 30,150, marked by a former resistance area that now serves as support with the 20-day Simple Moving Average (SMA) offering additional technical backing. If selling pressure intensifies below this level, the secondary support zone between 29,600 and 29,750, where the 50-day and 100-day SMAs converge, would provide a strong medium-term buffer. The Nasdaq 100's primary trend remains positive as long as price action stays above its converging moving averages and ascending trendlines. A sustained break above 30,900-31,050 would further confirm upward momentum, paving the way for the 31,800-32,000 range. Conversely, a pullback to 30,050-30,150, if sustained, would signal consolidation within the current uptrend.",
  "summary": "As at early October 2026, the Nasdaq 100 strengthened following a strong rebound from its mid-September lows, keeping its broader uptrend intact....",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}