{"id":434241,"date":"2026-07-21T21:51:09","date_gmt":"2026-07-21T14:51:09","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/the-broader-nasdaq-and-sp-indices-are-pushing-higher-what-are-the-technicals-telling-traders-434241\/"},"modified":"2026-07-21T21:51:09","modified_gmt":"2026-07-21T14:51:09","slug":"the-broader-nasdaq-and-sp-indices-are-pushing-higher-what-are-the-technicals-telling-traders","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/the-broader-nasdaq-and-sp-indices-are-pushing-higher-what-are-the-technicals-telling-traders-434241\/","title":{"rendered":"The broader Nasdaq and S&P indices are pushing higher. What are the technicals telling traders?"},"content":{"rendered":"
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The broader U.S. stock indices are pushing higher today, led once again by the tech-heavy NASDAQ. The index is currently up about 280 points (1.10%) at 25,783, extending its rebound but approaching an important technical crossroads. The next upside targets are its 200-hour moving average at 25,918 and 100-hour moving average at 25,974. Buyers need to reclaim and hold above both of those levels to shift the near-term bias back in their favor.<\/p>\n

Last week offered a reminder of how important those resistance levels are. The NASDAQ briefly traded above the hourly moving averages but stalled near a key swing area around 26,310, where sellers stepped back in. The index then fell below both moving averages on Thursday and opened with a bearish gap lower on Friday before beginning the current recovery. Unless buyers can push through the two hourly moving averages, the rally remains more of a corrective bounce within a broader bearish technical structure.<\/p>\n

The S&P 500 is in slightly better technical shape. The index has already climbed back above its 200-hour moving average at 7,467.03, but it is now testing the more important 100-hour moving average at 7,513.28. That level proved to be a ceiling on Friday, when buyers briefly pushed above it only to encounter willing sellers that forced the index back lower. Today’s rally brings traders back to the same decision point. A sustained move above the 100-hour moving average would strengthen the bullish case and shift momentum back toward the upside.<\/p>\n

Conversely, failure to break and hold above the 100-hour moving average would keep the technical outlook more neutral-to-bearish. A move back below the 200-hour moving average at 7,467.03 would put the focus squarely on the downside once again, with the 7,421.82 swing area becoming the next key support. A break below that level would give sellers greater control.<\/p>\n

In the video above, I take a closer look at both the NASDAQ and the S&P 500 from a technical perspective. I also include a bonus review of two semiconductor leaders\u2014Micron and Nvidia.<\/p>\n

Last week I highlighted Micron as a stock to watch for support near the bottom of a swing area around $818.67, followed by the 50% retracement below. At Friday’s open, the stock briefly gapped below the $818 level but quickly found buyers and reversed sharply higher\u2014a classic rejection of lower prices. That rebound carried the shares back toward the $900 area, where resistance emerged near the previously broken 38.2% retracement.<\/p>\n

Today, Micron gapped higher once again and is currently trading up $67, or 7.76%, at $932.63. The next key upside target comes against its falling 100-hour moving average at $961.62. A move above that level would strengthen the technical picture further and give buyers another important victory.<\/p>\n<\/p>\n

Nvidia is also showing signs of improving technically, with the stock climbing back above its nearly converged 100-hour and 200-hour moving averages (blue and green lines), both clustered near $203. As long as the price can hold above those key moving averages, the near-term bias tilts back in favor of the buyers. The next upside targets come into a swing area between $212.19 and $214.00, where sellers previously stepped in. On the downside, a move back below the 100- and 200-hour moving averages would shift the focus back toward the 100-day moving average near $199. That level proved to be solid support last week, attracting willing buyers and helping to stabilize the stock. Holding above the hourly moving averages keeps buyers in control, while a break back below them would hand momentum back to the sellers.<\/p>\n<\/p>\n

This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

The broader U.S. stock indices are pushing higher today, led once again by the tech-heavy NASDAQ. The index is currently up about 280 points (1.10%) at 25,783, extending its rebound but approaching…<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-434241","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/434241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=434241"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/434241\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=434241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=434241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=434241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}