US Indices TA — Friday, 23 October 2026

The S&P 500 trades at 7,635.78, down 0.36%, with the RSI-14 at 45 indicating neutral momentum. Prices remain below key SMAs (20d: 7,728.08; 50d: 7,699.88), reinforcing near-term bearish pressure, though the 200d SMA at 7,291.38 provides a longer-term floor. Resistance at 7,801.71 (R1) caps upside, while supports at 7,294.91 (S1) and lower levels offer potential downside buffers. Three Double Top patterns (50-59% confidence) suggest further bearish potential. Trendlines show immediate support near 7,615.76 (20d) and resistance at 7,770.26 (20d descending). The 50d ascending support (7,577.19) and resistance (7,856.92) frame a broader range. The index faces bearish technical bias unless it reclaims SMA20.

The Dow Jones Industrial Average trades at 52,295.43, down 1.08%, showing mild bearish pressure as it tests the SMA20 (51,725.01) while hovering just below the SMA50 (52,321.64). The RSI-14 at 57 suggests neutral momentum, though multiple Double Top patterns (50-95% confidence) signal potential downside risk. Immediate resistance lies at R1 (52,844.39), with stronger barriers at R2 and R3. Support levels at S1 (51,144.26) and S2 (48,127.01) may stabilize declines. Short-term trendlines show ascending support near 51,994.92, while descending 50-day resistance at 52,904.00 caps upside. A break below SMA20 could accelerate selling toward S1, confirming bearish patterns. The index remains range-bound between 51,725 and 52,844 until a decisive breakout occurs.

The Nasdaq 100 trades at 28,977.39 (+0.06%), remaining below key SMAs (20D: 30,224.52; 50D: 29,829.63), signaling bearish near-term momentum. The RSI-14 at 37 suggests mild oversold conditions but lacks strong reversal signals. A confirmed Double Top pattern (84% confidence) reinforces resistance near 29,847.83 (R1), while immediate support holds at 28,660.40 (S1). Descending 20-day trendlines (support: 28,721.78; resistance: 29,855.50) highlight tightening price action. A break below S1 could accelerate declines toward 24,234.50 (S2), while reclaiming the 50D SMA is critical for bullish reversal. The index remains in a broader downtrend unless it sustains above 31,799.40 (50D resistance).

The Nasdaq Composite trades at 25,986.00, down 0.09%, with the RSI-14 at 40 indicating neutral momentum. The index remains below key SMAs (20d: 26,863.32, 50d: 26,599.62), reinforcing bearish near-term bias, though the 200d SMA at 24,992.15 provides longer-term support. Resistance levels cluster at 26,288.95 (R1) and 26,762.19 (R2), while immediate support sits at 25,735.42 (S1). Multiple confirmed Double Top patterns (50-84% confidence) suggest potential downside. Short-term trendlines show descending resistance at 26,612.93 and support at 25,782.44. A break below 25,735.42 could accelerate selling toward S2 (22,100.72), while reclaiming the 20d SMA is needed to shift sentiment. The technical setup favors caution amid bearish confirmation signals.

The Russell 2000 trades at 2,763.27, down 0.75%, with the RSI-14 at 37 indicating near-oversold conditions. The index remains below key SMAs (20d: 2,788.00; 50d: 2,880.57; 200d: 2,800.30), reflecting bearish near-term momentum. Resistance levels are noted at 2,886.44 (R1) and 2,954.41 (R2), while support lies at 2,721.44 (S1) and 2,477.35 (S2). Multiple double-top patterns (50-57% confidence) suggest potential downside risk, reinforced by descending trendlines across 20d (resistance: 2,778.60) and 50d (resistance: 2,791.64) timeframes. A break below S1 could accelerate selling toward S2, while reclaiming the 20d SMA may signal short-term stabilization. The technical setup favors caution unless

The NYSE Composite declines 0.65% to 24,117.05, testing near-term resistance at R1 (24,159.60) amid bearish pressure. The RSI-14 at 46 suggests neutral momentum, while price action hovers between the SMA20 (23,904.38) and SMA50 (24,193.68), reflecting consolidation. Three bearish Double Top patterns (59%, 50%, 50% confidence) signal potential downside, though the index remains above key support at S1 (23,206.97). Short-term trendlines show ascending support at 24,079.65 (20-day) and descending resistance at 24,271.36 (50-day), indicating a tightening range. A break below the SMA20 could accelerate selling toward S1, while reclaiming the SMA50 may shift bias toward R2 (24,843.02). The 200-day SMA (23,434.03) underscores broader bullish structure despite near-term caution.

The S&P 400 MidCap index trades at 3,610.43, down 0.73%, with the RSI-14 at 34 indicating nearing oversold conditions. The price remains below all key SMAs (20d=3,641.98, 50d=3,705.86, 200d=3,643.56), reinforcing bearish near-term momentum. Multiple Double Top patterns (76%, 65%, 95% confidence) suggest potential further downside. Immediate resistance lies at R1 (3,626.79), while support is seen at S1 (3,553.70). The 20-day trendline shows ascending support near 3,602.37, but descending resistance at 3,672.05 maintains downward pressure. A break below 3,602.37 could accelerate declines toward S2 (3,288.34), while reclaiming the 20d SMA may signal near-term stabilization. Caution prevails given the bearish technical setup.