{"id":441147,"date":"2026-10-29T22:40:08","date_gmt":"2026-10-29T15:40:08","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/the-nasdaq-composite-and-nasdaq-100-are-back-below-their-100-day-mas-increasing-the-bearish-control-441147\/"},"modified":"2026-10-29T22:40:08","modified_gmt":"2026-10-29T15:40:08","slug":"the-nasdaq-composite-and-nasdaq-100-are-back-below-their-100-day-mas-increasing-the-bearish-control","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/the-nasdaq-composite-and-nasdaq-100-are-back-below-their-100-day-mas-increasing-the-bearish-control-441147\/","title":{"rendered":"The Nasdaq composite and Nasdaq 100 are back below their 100 day MAs increasing the bearish control"},"content":{"rendered":"
\n

Technology stocks are getting hit hard following Alphabet\u2019s earnings after the close yesterday. Markets are also digesting the FOMC rate decision, higher inflation, stronger-than-expected GDP, steady jobs and oil prices that are lower today but still near the $100 level.<\/p>\n

There are a lot of balls in the air, and stocks\u2014especially the technology and AI names\u2014are not taking it well. Both the Nasdaq Composite and Nasdaq 100 are down around 1.5%, while the S&P 500 is holding up better with a decline of around 0.50%.<\/p>\n

The technical picture reflects that divergence. The S&P remains above its key daily support, while both Nasdaq indices have fallen below their 100-day moving averages. Those breaks give sellers more control until buyers can reclaim the broken levels.<\/p>\n

S&P 500: Holding up better, but below the hourly MAs<\/p>\n<\/p>\n

The S&P has moved below its nearly converged 100- and 200-hour moving averages near 7726. That area is now a close barometer for buyers and sellers.<\/p>\n

A move back above\u2014and staying above\u2014would improve the technical picture and give buyers a stronger foothold. Stay below, and sellers retain the near-term advantage.<\/p>\n

On the downside, the index remains well above its rising 100-day moving average at 7612.92, which sits inside the broader swing area between 7573 and 7617. That combination makes the area an important support target should the selling gather momentum.<\/p>\n

Nasdaq Composite: The 100-day MA becomes the risk barometer<\/p>\n

him<\/p>\n

The Nasdaq Composite\u2019s picture is more bearish.<\/p>\n

Yesterday, sellers leaned against the falling 100-hour moving average, now near 26594. Today, the index gapped lower and extended below its 100-day moving average at 26254.52.<\/p>\n

That daily moving average is now the key risk-defining level. If buyers are going to take back some control, they need to get above it and stay above it. A failed break back to the upside would keep the pressure on.<\/p>\n

Absent that recovery, the next key target comes near 25831, where the September and October lows formed a floor. A break below that floor would open the door toward the rising 200-day moving average, currently near 25045.<\/p>\n

Nasdaq 100: Sellers take control below the 100-day MA<\/p>\n<\/p>\n

The Nasdaq 100 followed a similar path. Ahead of the FOMC decision and earnings yesterday, sellers found resistance against its 100-hour moving average, currently near 29785.<\/p>\n

Today, the index gapped below its 100-day moving average at 29559.42 and extended to a low of 29257.05.<\/p>\n

The 29559.42 level is now the key barometer for a recovery. Getting above and staying above would give buyers some breathing room. Stay below, and sellers remain more in control.<\/p>\n

The next major downside target is the swing area between 28822 and 28953, which provided a floor during August and September. Buyers would be expected to defend that area. A break below would weaken the technical picture further.<\/p>\n

Microsoft holds up as Alphabet falls sharply<\/p>\n

The earnings reaction adds another layer to the market\u2019s divergence. Microsoft is down only marginally after beating expectations, while Alphabet shares are down approximately 12% as investors react negatively to its AI investment story.<\/p>\n

In the video above, I outline the key technical levels for the S&P 500, Nasdaq Composite and Nasdaq 100. I also take a closer look at Microsoft and Alphabet following yesterday\u2019s earnings, highlighting where buyers need to respond and the levels that keep sellers in control.<\/p>\n

This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Technology stocks are getting hit hard following Alphabet\u2019s earnings after the close yesterday. Markets are also digesting the FOMC rate decision, higher inflation, stronger-than-expected GDP, steady jobs and oil prices that are…<\/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-441147","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441147","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=441147"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441147\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=441147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=441147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=441147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}