Nasdaq 100 (US100) News Today: Consolidates Near Record Highs
Nathan BrooksUS Markets & Federal Reserve Analyst · ForexR analyst
The Nasdaq 100 (US100) is consolidating near recent record highs after the New York close, last at 30751.5 up 0.17% on the day with a narrow range of 45.6 points. Traders are watching tomorrow's PMI releases and Fed comments for any shift in momentum.
| Resistance | Level | Support | Level |
|---|---|---|---|
| R3 | 31,265.6 | S1 | 30,476.8 |
| R2 | 31,014.5 | S2 | 30,225.7 |
| R1 | 30,871.2 | S3 | 30,082.4 |
| Previous day high | 30,763.5 | Previous day low | 30,369.1 |
| 20-day high | 30,763.5 | 20-day low | 28,744.6 |
| Daily pivot 30,620.1. Data as of 2026-09-22 22:30 UTC; price from a live feed, levels computed from the previous completed daily bar. | |||
Nasdaq 100 (US100) Consolidates Near Record Highs
The Nasdaq 100 (US100) is holding steady after the New York close, with the last traded price at 30751.5. This represents an increase of 51.7 points, or up 0.17% on the day, compared to today's previous close of 30699.8. Today's trading range was exceptionally narrow at 45.6 points, representing just 10% of the daily average true range of 458.5 points.
The index has carved out clear boundaries over recent sessions. The 5-day high is currently at 30763.5, while the 5-day low stands at 28744.6. Over the longer 20-day window, the highest level recorded is 30763.5, and the lowest level is 28744.6.
Media Sentiment and Market Themes
Topics being reported include the Nasdaq's rapid rise to record levels and a message for investors not to wait for a pullback, as well as comments on artificial intelligence, as reported by Market Watch and Yahoo Finance. It must be emphasized that these are reported topics rather than demonstrated drivers of the market's price action.
News sentiment remains highly optimistic, with a bullish share of 71%, a media mood score of 85 out of 100 and an opportunity read score of 59. The CFTC Commitments of Traders report for the week to September 15, 2026, shows that speculators added to net long Nasdaq 100 (US100) positions, increasing net contracts by 12823 to 33718 contracts.
Additionally, US Treasury yields closed on September 22, 2026, with the 2-year yield at 4.71% down 5 basis points and the 10-year yield at 4.96% unchanged.
Technical Levels and Pivot Points
The underlying technical structure remains strong across multiple timeframes. The daily trend is up, with the EMA20 at 29551.5 and the EMA50 at 29348.3, well above the long-term EMA200 at 27513.2. Daily RSI(14) is currently resting at 68.4. On the shorter-term charts, both the H4 and H1 trends are also in an up state.
Price is currently trading close to its immediate resistance. The previous day high of 30763.5 is just 12 points away. On the downside, the nearest key support is the daily pivot at 30620.1, located 131.4 points below the current spot. To understand how these intraday levels are constructed, you can read our guide on pivot points.
Bullish and Bearish Trading Scenarios
Depending on how the market reacts to tomorrow's PMI data, two distinct scenarios present themselves. A break above the R1 resistance level at 30871.2 would open the path to target R2 at 31014.5. This would be invalidated if the price drops back below the daily pivot at 30620.1.
A break below the S1 support level at 30476.8 would open the way toward S2 at 30225.7. A push back above the daily pivot at 30620.1 would invalidate this view.
PMI Data and Fed Speeches Ahead
Several high-impact economic releases are scheduled for tomorrow that could trigger volatility. At 13:45 UTC, the S&P Global Services PMI will be released, with economists estimating a reading of 56 compared to the previous 56.5. Simultaneously, the S&P Global Manufacturing PMI is expected to show a reading of 53.5, down slightly from the previous 53.9, alongside the S&P Global Composite PMI which previously stood at 56.
Later tomorrow at 14:05 UTC, the Federal Reserve's Barr is scheduled to speak, potentially offering insights into the central bank's policy path. Market participants will watch these events closely for clues on the economic trajectory.
FAQ
Why is the Nasdaq 100 hitting recent record highs?
Topics being reported include the Nasdaq's rapid rise to record levels and a message for investors not to wait for a pullback, as well as comments on artificial intelligence, as reported by Market Watch and Yahoo Finance. It must be emphasized that these are reported topics rather than demonstrated drivers of the market's price action.
How will tomorrow's S&P Global PMI data impact the US100?
Tomorrow's S&P Global Services PMI is estimated at 56 and the Manufacturing PMI is estimated at 53.5 at 13:45 UTC. Any significant deviation from these numbers could drive market volatility, along with the Fed's Barr speech at 14:05 UTC.
What are the main risks to the current consolidation?
Key risks include a break below the daily pivot at 30620.1 or S1 at 30476.8, which could open the way toward S2 at 30225.7.
