{"id":440282,"date":"2026-10-17T00:40:05","date_gmt":"2026-10-16T17:40:05","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/the-broader-us-stock-indices-are-lower-but-showing-different-degrees-of-technical-bias-440282\/"},"modified":"2026-10-17T00:40:05","modified_gmt":"2026-10-16T17:40:05","slug":"the-broader-us-stock-indices-are-lower-but-showing-different-degrees-of-technical-bias","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/the-broader-us-stock-indices-are-lower-but-showing-different-degrees-of-technical-bias-440282\/","title":{"rendered":"The broader US stock indices are lower but showing different degrees of technical bias"},"content":{"rendered":"<div>\n<p>The major US stock indices are moving lower today as inflation concerns continue to weigh on sentiment. Technology shares are leading the declines:<\/p>\n<ul>\n<li>\n<p>Nasdaq Composite: down 1.15%.<\/p>\n<\/li>\n<li>\n<p>Nasdaq 100: down 1.30%.<\/p>\n<\/li>\n<li>\n<p>S&amp;P 500: down 0.42%.<\/p>\n<\/li>\n<\/ul>\n<p>But the declines do not tell the whole story. From a technical perspective, each index has a different roadmap. Where is the risk? What would give buyers more control? What would open the door for further selling?<\/p>\n<p>S&amp;P 500: Waiting for the next shove<\/p>\n<\/p>\n<ul>\n<li>\n<p>The S&amp;P remains between its 100-hour moving average at 7746.68 and its 200-hour moving average at 7706.33.<\/p>\n<\/li>\n<li>\n<p>Between those levels, the shorter-term bias is neutral. Buyers and sellers are battling it out, waiting for the next shove.<\/p>\n<\/li>\n<li>\n<p>A move above\u2014and sustained trading above\u20147746.68 would tilt the bias more to the upside. A break below 7706.33 would give sellers more control.<\/p>\n<\/li>\n<\/ul>\n<p>Nasdaq Composite: Sellers have the advantage, but daily support remains<\/p>\n<\/p>\n<ul>\n<li>\n<p>The Nasdaq Composite is comfortably below its 200-hour moving average at 26827.18 and its 100-hour moving average at 27116.00. That keeps the shorter-term technical advantage with sellers.<\/p>\n<\/li>\n<li>\n<p>Buyers need to reclaim those levels, starting with the lower 200-hour moving average, to begin improving the technical picture.<\/p>\n<\/li>\n<li>\n<p>However, the index remains above its rising 100-day moving average at 26288.75. That is a key downside risk level. Hold above it, and buyers retain a foothold. Break below and stay below, and the door opens for further selling momentum.<\/p>\n<\/li>\n<\/ul>\n<p>Nasdaq 100: Sellers remain firmly in control<\/p>\n<\/p>\n<ul>\n<li>\n<p>The Nasdaq 100 has moved away from its hourly moving averages and is also breaking below its 100-day moving average at 29624.02.<\/p>\n<\/li>\n<li>\n<p>Today\u2019s low of 29452.10 has already taken out yesterday\u2019s low\u2014and the previous weekly low\u2014at 29554. Sellers have extended the downside. The question now is whether they can sustain that break.<\/p>\n<\/li>\n<li>\n<p>Staying below 29554 keeps pressure on the index. Moving back above that level would ease some immediate pressure, but buyers would still need to reclaim the 100-day moving average at 29624.02 to begin repairing the technical damage.<\/p>\n<\/li>\n<\/ul>\n<p>The lesson: Let the levels define the bias<\/p>\n<p>A lower market does not automatically mean every index has the same bearish bias. The S&amp;P is still between its hourly moving averages. The Nasdaq Composite is below those averages but holding above daily support. The Nasdaq 100 is breaking below that daily support as well.<\/p>\n<p>Those differences matter. The technical levels help traders define risk, judge who has control, and identify what needs to change.<\/p>\n<p>In the video above, I take a closer look at the key technical levels, the risks, and the targets, and outline the roadmap for traders.<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The major US stock indices are moving lower today as inflation concerns continue to weigh on sentiment. Technology shares are leading the declines: Nasdaq Composite: down 1.15%. Nasdaq 100: down 1.30%. S&amp;P&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-440282","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/440282","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=440282"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/440282\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=440282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=440282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=440282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}