NAS100Nasdaq 100
29,973.6
-0.09%
SUPPORT:29513.429053.2
RESISTANCE:30433.830099.8
Past
What happened
NDX slipped 0.09% to 29,974, snapping a four-session win streak as chip stocks led the decline — NVDA -1.05%, MSFT -0.81%. The reversal came as Snowflake earnings printed strong AH but couldn't lift cash session sentiment.
Why
Why it matters
Profit-taking, not regime change — South Korea is now beating NDX by widest margin since 2001, signalling AI-rotation OUT of US mega-cap chips toward Asia memory names. SK Hynix joined the $1T club alongside Micron yesterday.
Watch
What to watch
30,099 (yesterday's all-time high) is the line. A clear break opens 30,500. Below 29,513 (2σ ATR support) invites a tech flush. Snowflake's AWS deal could lift cash session; PCE Friday is the binary.
HEADLINES