The US tech market ends the week in a strong position.
After falling to August lows, US100 turned up and is now trading around29,550 points.
A series of rising lows is formed on the chart, and the nearest areas of interest of buyers are located below the current price.
The main question:
will the Nasdaq be able to continue to grow after the correction or will the market need a deeper pullback?
Where to look for purchases
The current structure remains upward.
Main levels on the chart:
29 334— the first zone of possible purchase;
29 210— second support;
29 087— deep zone of position recruitment.
When buyers react from these levels, the main scenario assumes a return to29 600–30 000and further testing of local maxima.
US100 as of August 28, 2026. The main areas of possible purchases are located on 29 334, 29 210 and 29 087.
AI supports Nasdaq again
Investments in artificial intelligence remain the main driver of the technology sector.
Nvidia this week presented strong results and a forecast, after which its shares rose by8,7%, adding about $441 billion in capitalization in a single session. This once again boosted demand for the entire AI sector.
However, the market is becoming more selective: after strong Nvidia results, Marvell shares fell by about 8%, showing that investors are already demanding from companies not just growth, but very high rates of AI monetization.
The main risk is the Fed
Today, the attention of the market is focused on the first speech of Fed Chairman Kevin Warsh in Jackson Hole.
The yield of 10-year Treasuries is about4,69%, which remains a serious factor of pressure on highly valued technology companies.
If the Fed's rhetoric turns tough, the Nasdaq could get an additional correction.
If the market sees room for policy easing, tech stocks could gain new momentum.
Main conclusion
US100 retains buyer advantage as long as price stays above29 334.
The most interesting areas to search for purchases:
29 334 → 29 210 → 29 087
While maintaining these levels, the scenario of moving to29 600–30 000.
The main catalyst of the nearest movement — a combination ofNvidia's AI Reporting and Fed Rhetoric.
