{"id":441979,"date":"2026-11-12T01:40:07","date_gmt":"2026-11-11T18:40:07","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/stocks-move-to-new-session-highs-as-buyers-reclaim-key-technical-levels-441979\/"},"modified":"2026-11-12T01:40:07","modified_gmt":"2026-11-11T18:40:07","slug":"stocks-move-to-new-session-highs-as-buyers-reclaim-key-technical-levels","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/stocks-move-to-new-session-highs-as-buyers-reclaim-key-technical-levels-441979\/","title":{"rendered":"Stocks move to new session highs as buyers reclaim key technical levels"},"content":{"rendered":"<div>\n<p>US stocks are extending to new session highs, and the buyers are making progress on the technical charts. The Nasdaq Composite and Nasdaq 100 have both gapped back above their 200 day moving averages and their respective 38.2% retracement levels. Those breaks give the buyers more control, but there are still hurdles ahead.<\/p>\n<p>For the S&amp;P index, the rebound has taken the price back into a key moving average area. The next step is to get above that area and stay above. The buyers have made a move. Now they need to build on it.<\/p>\n<p>S&amp;P: Back between the moving averages.<\/p>\n<\/p>\n<p>The S&amp;P index is trading near 7635, putting the price back above its 100 day moving average at 7621.82 and the 200-bar moving average on the 4-hour chart at 7622.85. That near convergence gives traders a close risk-defining level.<\/p>\n<p>Stay above the 7622 area, and the buyers can keep their sights on the 100-bar moving average on the 4-hour chart at 7674.70. Getting above that level would add to the bullish bias and open the door toward 7730, followed by the higher swing area between 7771 and 7816.<\/p>\n<p>Conversely, a move back below 7622 would take some of the positive out of the rebound. Traders would then look toward 7617, followed by 7573 and 7507.77.<\/p>\n<p>The buyers have pushed back into the moving average range. A break above 7674.70 is the next step toward giving them more control.<\/p>\n<p>Nasdaq Composite: The gap higher gives buyers a foothold.<\/p>\n<\/p>\n<p>The Nasdaq Composite gapped above its 38.2% retracement at 25036.33 and its 200 day moving average at 25123.39. The price has extended toward 25621, putting some distance between the current price and those reclaimed levels.<\/p>\n<p>That is a positive. However, the next key hurdle comes at 25831.74.<\/p>\n<p>That level has been a floor and a ceiling on several occasions. Getting and staying above it would have traders looking next toward a cluster of moving averages:<\/p>\n<ul>\n<li>\n<p>The 100 day moving average at 26176.96.<\/p>\n<\/li>\n<li>\n<p>The 200-bar moving average on the 4-hour chart at 26192.41.<\/p>\n<\/li>\n<li>\n<p>The 100-bar moving average on the 4-hour chart at 26414.80.<\/p>\n<\/li>\n<\/ul>\n<p>Those are the next upside steps if the buyers can extend above 25832.<\/p>\n<p>On the downside, the 200 day moving average at 25123 and the 38.2% retracement at 25036 are now support. Moving back below both would weaken the bullish break and give the sellers more confidence.<\/p>\n<p>Nasdaq 100: Buyers eye the old swing floor.<\/p>\n<\/p>\n<p>The Nasdaq 100 has also gapped above its 200 day moving average at 28018.65 and its 38.2% retracement at 28108.03. With the price trading near 28563, the buyers are holding above that key support area.<\/p>\n<p>The next target comes between 28822.67 and 28953.26.<\/p>\n<p>That swing area has a number of prior tests, which increases its importance. It was a floor before the break lower. On the rebound, it becomes a ceiling that the buyers need to get through.<\/p>\n<p>A break above would have traders looking toward the 100 day moving average near 29392, followed by the moving averages on the 4-hour chart near 29411 and 29567.<\/p>\n<p>For now, staying above 28019\u201328108 keeps the buyers in play. A move back below would undermine the recovery and put the sellers back in a stronger position.<\/p>\n<p>Education: A break gives traders a level to lean against.<\/p>\n<p>A technical break is most useful when it defines risk.<\/p>\n<p>For the Nasdaq indices, the reclaimed 200 day moving averages and retracement levels give buyers support to lean against. For the S&amp;P, the near-converged moving averages around 7622 provide a close barometer.<\/p>\n<p>Stay above, and buyers can continue working toward the next upside targets. Move back below, and the break starts to fail.<\/p>\n<p>The recovery is making progress. Getting through the next resistance levels\u2014and staying above the levels already broken\u2014will tell traders whether the buyers can keep that progress going.<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>US stocks are extending to new session highs, and the buyers are making progress on the technical charts. The Nasdaq Composite and Nasdaq 100 have both gapped back above their 200 day&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-441979","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441979","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=441979"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441979\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=441979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=441979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=441979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}