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Report published September 23, 2026

Technical Analysis Global Markets: Market Rhythm Focus – EFG Bank AG

EFG Bank AG · September 23, 2026

This technical analysis update highlights the Nasdaq 100 breaking to fresh record highs and VIX sinking to year-to-date lows. However, narrow equity breadth, lagging large-cap averages, and fragile technical setups in the Dow Jones and Hang Seng warrant caution.

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Finvaulta summarizes EFG Bank AG's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.

Key Takeaways

  • 1.The Nasdaq 100 logged a trend break and printed its first new all-time high in four months with strong momentum that typically opens up further upside.
  • 2.Market breadth remains painfully narrow on the NYSE Composite with flat participation above the 200-day moving average, posing risks to rally durability.
  • 3.The VIX dropped to its lowest close of the year at 14.21, but lagging cyclicals and narrow breadth temper the typical equity-positive signal.

Table of Contents

  • Nasdaq 100
  • Dow Jones Industrial Avg.
  • S&P Equal Weighted and Mid Cap, Russell 2000 and Micro Cap
  • NYSE Composite
  • Russell 1000 Growth/Russell 1000 Value
  • VIX
  • Hang Seng
  • OMX Stockholm 30

Report data

NYSE Composite - NYA, 24,029

MetricEstimateContext
Nasdaq 100 Index Level30732.0 index pointsNasdaq prints first new high in four months.
Dow Jones Industrial Average Index Level51863.0 index pointsTesting support levels at 51,650 and 50,830 within a bearish structure.
NYSE Composite Index Level24029.0 index pointsBreadth remains flat and narrow.
CBOE Volatility Index Level14.21 index pointsLowest close of the year.
Hang Seng Index Level24827.0 index pointsRebound failing under 50-day moving average.
Source: Bloomberg. This is a dated model snapshot, not a live forecast.

Reports in this series

Market Rhythm Focus is shown in chronological order through this edition, published on September 23, 2026.

Part of the Market Rhythm Focus series — view all 13 editions

Looking for the latest edition? 28.09.26 GM Market Rhythm Focus (Sep 28, 2026)

  1. Jun 1818.06.26 GM Market Rhythm Focus
  2. Jun 2929.06.26 GM Market Rhythm Focus
  3. Aug 1717.08.26 GM Market Rhythm Focus
  4. Sep 2222.09.26 GM Market Rhythm Focus

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