{"id":434519,"date":"2026-07-23T22:52:42","date_gmt":"2026-07-23T15:52:42","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/us-broader-indices-down-sharply-and-testing-technical-targets-nasdaq-down-2-6-434519\/"},"modified":"2026-07-23T22:52:42","modified_gmt":"2026-07-23T15:52:42","slug":"us-broader-indices-down-sharply-and-testing-technical-targets-nasdaq-down-2-6","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/us-broader-indices-down-sharply-and-testing-technical-targets-nasdaq-down-2-6-434519\/","title":{"rendered":"US broader indices down sharply and testing technical targets. Nasdaq down -2.6%."},"content":{"rendered":"<div>\n<p class=\"PDq2pG_selectionAnchorContainer\">The broader U.S. stock indices are under heavy selling pressure, with the Nasdaq leading the decline as investors reduce exposure to technology shares. The Nasdaq is down 2.65% to 25,012, while the S&amp;P 500 has fallen 1.5% to 7,388.<\/p>\n<p>From a technical perspective, the S&amp;P 500 is testing a key trendline support on the hourly chart that connects the June 9 and June 26 lows. That support comes in near 7,380. The index briefly traded below it, reaching a session low of 7,376, before rebounding modestly to around 7,392. If sellers can push and hold the price below the trendline, the next downside target comes in a swing area between 7,321 and 7,341.<\/p>\n<\/p>\n<p>The Nasdaq has already fallen into an important support zone between 24,913 and 25,109, with today&#8217;s low reaching 24,954.77. A sustained move below that floor would increase the bearish bias and shift the focus toward the 38.2% retracement of the rally from the late-March low at 24,707. Just beneath that level sits the rising 100-day moving average at 24,686.40, providing the next major technical support area for traders to monitor.<\/p>\n<\/p>\n<p>Yield continue to be a negative for equities with the two-year up 5.56 basis points at 4.3576%. The 10 year is up 4.6 basis points at 4.701%.<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The broader U.S. stock indices are under heavy selling pressure, with the Nasdaq leading the decline as investors reduce exposure to technology shares. The Nasdaq is down 2.65% to 25,012, while the&hellip;<\/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-434519","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/434519","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=434519"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/434519\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=434519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=434519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=434519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}