{"id":442124,"date":"2026-11-12T23:40:12","date_gmt":"2026-11-12T16:40:12","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/as-market-digest-the-nvidia-fallout-what-has-the-fallout-meant-for-the-nasdaq-composite-nasdaq-100-indices-442124\/"},"modified":"2026-11-12T23:40:12","modified_gmt":"2026-11-12T16:40:12","slug":"as-market-digest-the-nvidia-fallout-what-has-the-fallout-meant-for-the-nasdaq-composite-nasdaq-100-indices","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/as-market-digest-the-nvidia-fallout-what-has-the-fallout-meant-for-the-nasdaq-composite-nasdaq-100-indices-442124\/","title":{"rendered":"As market digest the Nvidia fallout, what has the fallout meant for the Nasdaq composite\/Nasdaq 100 indices?"},"content":{"rendered":"
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Shares of Nvidia bounced after testing the technical target area between $146.50 and $151.84. The low reached $148.80, putting the price within the support zone outlined in the earlier video<\/a>.<\/p>\n

Buyers leaned against that area and pushed the price higher. But what has the fallout meant for the broader technology indices, including the NASDAQ composite and NASDAQ 100?<\/p>\n

Both indices have bounced near important technical support. However, the buyers still have work to do before they can claim more control.<\/p>\n

NASDAQ composite: Buyers lean against a key support area<\/p>\n<\/p>\n

The NASDAQ composite moved below its 200 day moving average at 25,129.88, but found buyers ahead of the 38.2% retracement of the move up from the April low at 25,036.33.<\/p>\n

The session low reached 25,068.28, putting it between those two technical levels. Buyers leaned against that support area and pushed the index back above its 200 day moving average, with the rebound reaching a high of 25,401.16.<\/p>\n

That gives buyers something to build on. The 200 day moving average at 25,129.88 now becomes a close risk barometer. Staying above it would keep the recovery moving in the right direction.<\/p>\n

However, the next important upside hurdle is the falling 100 hour moving average at 25,587.98. If the buyers are to take more control, they need to get above that moving average and stay above it. A sustained break would open the door for a move toward the next target at 25,831.74.<\/p>\n

Conversely, a move back below the 200 day moving average would weaken the recovery. A further break below the 38.2% retracement at 25,036.33 would give sellers more control and open the door for additional downside momentum.<\/p>\n

The next key downside target would be the 50% midpoint at 24,206.50. Recall that the decline earlier this month stalled just ahead of that level.<\/p>\n

The support area has attracted buyers. Now they need to show they can hold the recovery and break resistance.<\/p>\n

NASDAQ 100: A failed break gives buyers another chance<\/p>\n<\/p>\n

The NASDAQ 100 moved below its 38.2% retracement at 28,108.03 and its 200 day moving average at 28,028.41. However, sellers could not sustain momentum below the moving average.<\/p>\n

The index has since rebounded to around 28,158, putting it back above both technical levels. That failed break gives buyers another chance, with the reclaimed support area now acting as a close risk barometer.<\/p>\n

On the topside, the falling 100 hour moving average at 28,460.25 remains the next key hurdle. Getting above\u2014and staying above\u2014that level would strengthen the buyers\u2019 position and put the swing area between 28,822 and 28,953 in play.<\/p>\n

Conversely, a move back below 28,108.03 and then 28,028.41 would weaken the recovery and give sellers another opportunity to extend the decline. The next key downside target would be the 50% midpoint of the move up from the end of March low at 27,103.<\/p>\n

The trading lesson: A bounce is the first step<\/p>\n

Holding support helps define risk. It does not, by itself, establish that the trend has turned.<\/p>\n

For the NASDAQ composite, buyers found support between the 38.2% retracement and the 200 day moving average before reclaiming the moving average. For the NASDAQ 100, the break below its 200 day moving average failed to attract sustained selling.<\/p>\n

Those reactions matter. They give traders reference points to lean against and measure whether the buyers can remain in the game.<\/p>\n

The next test is overhead. Both indices need to get above their falling 100 hour moving averages and stay above them to strengthen the bullish bias. If the support levels give way first, the sellers regain control.<\/p>\n

In the video above, I take a look at both broader indices and provide an updated look at Nvidia as its volatile trading continues.<\/p>\n

Be aware. Be prepared.<\/p>\n

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

Shares of Nvidia bounced after testing the technical target area between $146.50 and $151.84. The low reached $148.80, putting the price within the support zone outlined in the earlier video. Buyers leaned…<\/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-442124","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/442124","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=442124"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/442124\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=442124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=442124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=442124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}