What is driving the Nasdaq 100 today?

The index is reacting to an oil price surge linked to renewed Middle East tensions, which lifted inflation expectations and bond yields. VIX near 22 and US 10-year yields above 4.5% tightened financial conditions, weighing on long-duration tech. Early selling eased as dip buyers stepped in and breadth steadied. The path from here depends on crude cooling and whether price can reclaim 24,770 and 24,579 and hold those levels into the close.

Why are 24,770 and 24,579 important for traders?

They are key reference points for today’s repair attempt. 24,770 aligns with a volume point of control where heavy trading occurred, and 24,579 is today’s tactical pivot. A sustained move above both suggests buyers have control and opens 25,000–25,300. Failure to hold them keeps pressure on 24,384–24,142 supports. Plan entries around these levels and avoid chasing moves that lack volume confirmation.

How should Hong Kong investors position around this volatility?

Keep risk tight and position sizes smaller while VIX stays near 22. The USD-HKD peg limits FX noise, but higher US yields can still drag tech. Consider staggered entries over several days, place stops under 24,384 if short-term focused, and use liquid ETFs or ADRs for cleaner execution. Avoid overusing leveraged products in choppy trade. Let closing levels versus 24,770 and 24,579 guide next steps.

What do the current technical indicators say about momentum and volatility?

Momentum is mixed. RSI near 47.5 is neutral, while a slightly positive MACD histogram hints at early repair. ADX around 20 shows trend strength is weak. ATR near 402 points flags elevated daily swings. Bollinger bands place the middle near 25,000.80 and lower near 24,450.13, framing support. For credibility, we want price to hold above 24,579 first, then 24,770, with improving volume and breadth.

Global Market Insights

^NDX Today, March 04: Futures Gap Down on Oil; Rebound Eyes 24,770 Pivot

ByDanny Kontos March 4, 2026March 4, 2026

Nasdaq 100 today opened weak as Nasdaq futures slid on an oil price surge and rising geopolitical risk. Asia hours saw a bid return, with buyers lifting off session lows and eyeing a reclaim of 24,770 and 24,579. For Hong Kong investors, the USD-HKD peg helps reduce currency noise, but higher US yields still weigh on risk assets. We outline the key levels, what VIX near 22 and 10-year yields above 4.5% mean, and practical steps to trade this tape with discipline.