🏦 NAS100 enters the week with a strong setup, but also with enough catalysts to punish lazy entries. The index finished Q2 with its best quarterly performance since 2020, fully reversing the early-year drop and adding almost 28% by the end of June.
The first driver is SpaceX joining the Nasdaq-100 on July 7. Index-tracking funds will have to adjust exposure, and the market will also start receiving fuller analyst coverage after the post-IPO quiet period. SpaceX weight is expected to be below 1%, so this is not a single-stock takeover of the index, but it can lift attention around high-growth technology and space-linked themes.
The second driver is geopolitics. U.S.-Iran talks in Doha ended without a full breakthrough, although both sides pointed to progress. Any fresh headline around the Strait of Hormuz, oil prices or inflation expectations can quickly affect how expensive technology valuations look.
The third driver is U.S. macro. After the weak June labor report, traders will watch the Fed minutes, ISM activity data and initial jobless claims. Softer data may support rate-cut hopes; hotter or more resilient data can push yields higher and make the NAS100 rally harder to extend.
Technically, the daily trend stays constructive while NAS100 holds above the 50-day moving average. A clean hold above 30,000 opens the path toward the all-time high around 30,793 and potentially higher. Failure to defend 30,000 raises the risk of a pullback toward 28,200-28,000. QX Hub take: this is a momentum market, but the professional trade is to let 30,000 prove itself before chasing.
