SPX and NDX breach first supports

The S&P 500 and NASDAQ 100 get spooked by Trump tariff social media post

S&P 500 update

The S&P 500 (SPX) has moved below first support at 6700-6690, probing into the zone of the rising 26- and 40-day moving averages at 6639-6571 with the next chart support at 6570-6550. Holding this zone of support is important for maintaining the tactical uptrend on the SPX with upside potential to Fibonacci extension levels.

Chart 1: S&P 500

NASDAQ 100 update

The NASDAQ 100 (NDX) has breached first support in the 24,700s to probe into the zone of the rising 26- and 40-day moving averages from 24,471 to 24,121 along with chart supports at 24,186 and 23,696. Holding this zone of support is important for maintaining the tactical uptrend with the potential for continued upside on the NDX.

Chart 2: NASDAQ 100

This post serves as an update to the SPX and NDX charts highlighted in our Oct 9 The Chart Check.