Nasdaq 100 holds bullish structure above 28,280 support despite US-Iran tensions, with healthy market breadth and technical signals pointing to further upside. After a brief 1.3% intraday pullback, the index recovered as sentiment stabilised on ceasefire reassurances. Market breadth remains healthy with 61% above 20-day MA and 57% above 200-day MA, suggesting broader participation beyond mega-cap AI leaders. Technicals support continuation within an ascending channel toward 28,860–29,615
08-05-2026 08:56 GMT
by Kelvin Wong
