{"id":440932,"date":"2026-10-28T00:40:15","date_gmt":"2026-10-27T17:40:15","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/the-sp-and-nasdaq-100-are-trying-to-tilt-the-bias-to-the-upside-technically-440932\/"},"modified":"2026-10-28T00:40:15","modified_gmt":"2026-10-27T17:40:15","slug":"the-sp-and-nasdaq-100-are-trying-to-tilt-the-bias-to-the-upside-technically","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/the-sp-and-nasdaq-100-are-trying-to-tilt-the-bias-to-the-upside-technically-440932\/","title":{"rendered":"The S&P and Nasdaq 100 are trying to tilt the bias to the upside technically"},"content":{"rendered":"
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The S&P and Nasdaq 100 are trying to tilt the technical bias back to the upside after their recent declines found buyers near key support. That is a start. The next step is to reclaim resistance, hold those breaks, and build on the upside momentum.<\/p>\n

The technical picture is improving, but the progress is different for each index. Meanwhile, Meta continues to struggle, even as Nvidia, Apple, and Microsoft trade higher.<\/p>\n

In the video above, I take a technical look at each and outline the good, the bad, and the levels that will help define the bias, risk, and targets going forward.<\/p>\n

S&P: Buyers push above the hourly moving averages<\/p>\n<\/p>\n

The S&P has moved above its 200-hour moving average at 7721.11 and its 100-hour moving average at 7731.82, reaching a session high of 7736.06.<\/p>\n

Those breaks give the buyers a more bullish tilt after the declines over the last few days took the index back toward its 100-day moving average near 7606.37. Buyers leaned against that support and have since pushed the price back above the shorter-term moving averages.<\/p>\n

That is how a recovery starts to build a stronger technical foundation. Support holds below. Resistance gets broken above. The buyers collect more clues that suggest they are taking back control.<\/p>\n

However, getting above the moving averages is only part of the job. Staying above them is what matters next.<\/p>\n

The 100-hour moving average at 7731.82 is now the first close barometer, followed by the 200-hour moving average at 7721.11. Hold above both, and buyers have a platform for another push higher. Fall back below both, and the breakout loses credibility, raising the risk of another failed upside move.<\/p>\n

Nasdaq 100: Back above the 100-day moving average, with more work ahead<\/p>\n<\/p>\n

The Nasdaq 100\u2019s low last Thursday stalled near the 28822\u201328953 swing area. That support attracted buyers, and the recovery continued through Friday and Monday.<\/p>\n

Today, the buyers took another step by pushing the price above the 100-day moving average at 29551.54. The index reached a high of 29713.27 and is currently trading near 29692, still above that key daily moving average.<\/p>\n

For now, 29551.54 becomes the downside barometer. Staying above it keeps the recovery moving in the buyers\u2019 favor. A move back below would weaken today\u2019s bullish development.<\/p>\n

On the topside, the next targets are clearly defined:<\/p>\n