The Nasdaq technicals are back in neutral territory. S&P is more bullish again
Both the Nasdaq and S&P 500 are pushing higher today, with the Nasdaq leading the advance, up 0.65%, while the S&P 500 is higher by 0.51%.
From a technical perspective, however, the two indices are sending slightly different signals.
The Nasdaq has rallied back into the area between its 100-hour moving average at 25,894.06 and the higher 200-hour moving average at 26,136.05. With the index currently trading near 26,042, it sits squarely between those two key bias-defining levels, leaving the short-term outlook more neutral. The 200-hour moving average has repeatedly attracted sellers in recent sessions, making it an important hurdle. A sustained move above that level would strengthen the bullish case and shift the focus toward the 26,559–26,788 swing resistance zone. On the downside, a move back below the 100-hour moving average would disappoint buyers and likely encourage another round of selling pressure.
The S&P 500, meanwhile, has a more constructive technical backdrop. The index has moved above both its relatively flat 100-hour moving average at 7,454 and 200-hour moving average at 7,473, reinforcing the buyers' control. As long as the price remains above those support levels, the path of least resistance remains higher. The next upside target comes at a downward-sloping trend line near 7,542, followed by the June 15 swing high at 7,577, and ultimately the all-time high at 7,620.90 from June 2.
So while both indices are advancing today, their technical pictures are not identical. The S&P 500 has already reestablished a bullish bias by reclaiming its key moving averages, while the Nasdaq still has one important hurdle left to clear. A decisive break above its 200-hour moving average would bring its technical outlook more in line with the S&P 500.
This article was written by fl932d6e52a19643278e0f123bca7198f5 at investinglive.com.提供 MainLink：Investinglive RSS Breaking News Feed
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