{"id":439701,"date":"2026-10-08T23:51:47","date_gmt":"2026-10-08T16:51:47","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/the-sp-and-nasdaq-have-stalled-the-fall-near-old-high-swing-areas-holding-is-bullish-breaking-is-bearish-439701\/"},"modified":"2026-10-08T23:51:47","modified_gmt":"2026-10-08T16:51:47","slug":"the-sp-and-nasdaq-have-stalled-the-fall-near-old-high-swing-areas-holding-is-bullish-breaking-is-bearish","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/the-sp-and-nasdaq-have-stalled-the-fall-near-old-high-swing-areas-holding-is-bullish-breaking-is-bearish-439701\/","title":{"rendered":"The S&amp;P and Nasdaq have stalled the fall near old high swing areas.  Holding is bullish. Breaking is bearish"},"content":{"rendered":"<div>\n<p>In the video above, I take a look at the S&amp;P and Nasdaq Composite from a technical perspective, focusing on the old highs that now help define risk. Holding those areas keeps the buyers in the game. Breaking below them\u2014and staying below\u2014would give sellers more control.<\/p>\n<p>Earlier this week, both indices extended to new all-time highs:<\/p>\n<ul>\n<li>\n<p>S&amp;P: The index broke above its swing area between 7771 and 7815.54, reaching a record high of 7844.52.<\/p>\n<\/li>\n<li>\n<p>Nasdaq Composite: The index moved above its June and September highs between 27190 and 27288. Tuesday\u2019s advance reached 27722.75, near a topside trendline.<\/p>\n<\/li>\n<\/ul>\n<p>Those breaks were bullish developments. You cannot ignore new all-time highs. However, the selling yesterday and today raises an important question: Can buyers defend the breakout areas, or will those breaks fail?<\/p>\n<p>For a beginner trader, an old ceiling can become a new floor once the price breaks above it. A correction back toward that ceiling gives buyers an opportunity to defend the breakout. If the price falls back below the area and stays below, the bullish case weakens.<\/p>\n<p>The key levels are clear:<\/p>\n<ul>\n<li>\n<p>S&amp;P: A move below 7771 with momentum would signal a failed break and open the door to further corrective selling.<\/p>\n<\/li>\n<li>\n<p>Nasdaq Composite: A move below 27190 with momentum would likewise disappoint buyers and tilt the technical bias more toward the sellers.<\/p>\n<\/li>\n<\/ul>\n<p>Today, the S&amp;P briefly traded below its lower boundary, reaching 7769.15. However, the break did not gather momentum. Buyers stepped in, and the price recovered back into the swing area.<\/p>\n<p>That gives buyers some breathing room, but they still have work to do. The index remains within the 7771\u20137815.54 area. A move above 7815.54\u2014and an ability to stay above it\u2014would give buyers more relief and put the record high at 7844.52 back in focus.<\/p>\n<p>For now, there is a battle around the old highs. Buyers want those former ceilings to become floors. Sellers want to push back below them and force the breakout buyers to reassess.<\/p>\n<p>Hold the area, and buyers retain their opportunity. Break below it with momentum, and sellers get their next shove.<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>In the video above, I take a look at the S&amp;P and Nasdaq Composite from a technical perspective, focusing on the old highs that now help define risk. Holding those areas keeps&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-439701","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439701","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=439701"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439701\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=439701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=439701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=439701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}