The index gapped down by 1.1% at the open of the Asian session on Monday, 20 April 2026, as renewed hostilities in the Strait of Hormuz saw Tehran target vessels and reimpose controls, underscoring a highly fluid US–Iran conflict.
In response, the US Navy engaged and seized an Iranian-flagged cargo ship in the Gulf of Oman, casting fresh doubt over the ceasefire set to expire on Tuesday night (US time).
While US Vice President JD Vance is expected to lead another round of peace talks, Iranian state media reports no plans for participation. Notably, the US Nasdaq 100 CFD index managed to stabilise around its former all-time high of 26,288 at this time of writing.
The price actions of the US Nasdaq 100 CFD index (a proxy of the Nasdaq 100 E-mini futures) have continued to oscillate within a minor ascending channel in place from the 7 April 2026 low of 23,808.
Watch the 26,288/26,142 key short-term pivotal support to maintain its minor bullish acceleration phase for the next intermediate resistances to come in at 26,776, 27,140, and 27,380 (see Fig. 3).
On the flip side, a break and an hourly close below 26,142 invalidates the bullish tone for a minor corrective decline to retest the next intermediate support at 25,900/800. Below 25,800 opens scope for a deeper slide towards the 25,215/25,110 medium-term pivotal support area.
