{"id":434971,"date":"2026-07-29T21:40:05","date_gmt":"2026-07-29T14:40:05","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/broader-us-indices-lower-what-are-the-key-levels-in-play-for-the-nasdaq-and-the-sp-434971\/"},"modified":"2026-07-29T21:40:05","modified_gmt":"2026-07-29T14:40:05","slug":"broader-us-indices-lower-what-are-the-key-levels-in-play-for-the-nasdaq-and-the-sp","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/broader-us-indices-lower-what-are-the-key-levels-in-play-for-the-nasdaq-and-the-sp-434971\/","title":{"rendered":"Broader US indices lower. What are the key levels in play for the Nasdaq and the S&amp;P"},"content":{"rendered":"<div>\n<p>The\u00a0broader US stock indices are trading lower on the day with clearly defined support resistance levels. In the video above I take a look at the NASDAQ and the S&amp;P indices, outline the short-term support resistance levels at the market traders are following, and the implications for the next breaks. Will the buyers keep hope alive for a bounce, or wil lthe sellers continue to hold the stronger had and take evenmore control from a break lower?\u00a0<\/p>\n<p class=\"PDq2pG_selectionAnchorContainer\">Of course, there are also a slew of earnings after the\u00a0close today, with the reports most likely to move markets highlighted below.<\/p>\n<p>Mega Cap\u00a0<\/p>\n<p>Microsoft (MSFT)<\/p>\n<ul>\n<li>\nFocus will be on Azure cloud growth, AI-related spending, Copilot adoption, and capital expenditures.\n<\/li>\n<li>\nInvestors will be looking for reassurance that AI investments are translating into accelerating revenue growth.\n<\/li>\n<li>\nThis is arguably the single most important report of the day.\n<\/li>\n<\/ul>\n<p>Meta Platforms (META)<\/p>\n<ul>\n<li>\nKey metrics include advertising revenue, user engagement, AI monetization, and guidance.\n<\/li>\n<li>\nInvestors also want updates on AI infrastructure spending and whether margins can remain strong despite elevated capex.\n<\/li>\n<li>\nTogether with Microsoft, Meta&#8217;s results could set the tone for Thursday&#8217;s market.\n<\/li>\n<\/ul>\n<p>Qualcomm (QCOM)<\/p>\n<ul>\n<li>\nLooking for trends in smartphone demand, automotive chips, and AI-enabled devices.\n<\/li>\n<li>\nGuidance will be especially important given the recent weakness in semiconductor stocks.\n<\/li>\n<\/ul>\n<p>Arm Holdings (ARM)<\/p>\n<ul>\n<li>\nInvestors want evidence that AI-related chip licensing remains strong.\n<\/li>\n<li>\nOutlook for royalties and future licensing activity will likely drive the stock more than the quarter itself.\n<\/li>\n<\/ul>\n<p>Lam Research (LRCX)<\/p>\n<ul>\n<li>\nA key read on semiconductor equipment spending.\n<\/li>\n<li>\nCommentary on foundry and memory customer demand will be watched closely after recent AI-related volatility.\n<\/li>\n<\/ul>\n<p>Consumers<\/p>\n<p>Starbucks (SBUX)<\/p>\n<ul>\n<li>\nInvestors are looking for signs that North American traffic is stabilizing.\n<\/li>\n<li>\nChina sales remain a major focus.\n<\/li>\n<li>\nManagement commentary on consumer spending trends will be important.\n<\/li>\n<\/ul>\n<p>Chipotle Mexican Grill (CMG)<\/p>\n<ul>\n<li>\nComparable-store sales and customer traffic are the key metrics.\n<\/li>\n<li>\nInvestors will also watch for margin trends and the impact of food costs.\n<\/li>\n<\/ul>\n<p>Financials <\/p>\n<p>Robinhood (HOOD)<\/p>\n<ul>\n<li>\nTrading activity, crypto revenue, options volumes, and asset growth will be in focus.\n<\/li>\n<li>\nAny update on retail trading activity could move not only Robinhood but also the broader fintech sector.<\/li>\n<\/ul>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The\u00a0broader US stock indices are trading lower on the day with clearly defined support resistance levels. In the video above I take a look at the NASDAQ and the S&amp;P indices, outline&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-434971","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/434971","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=434971"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/434971\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=434971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=434971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=434971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}