- The S&P 500 closed at 7,561.67, up 2.51% on the week and about 0.8% above the 7,500 line that Friday's low tested, with Thursday's 7,652.76 high overhead and the Nov 5 low at 7,350 below.
- The Nasdaq 100 led with a 3.53% weekly gain to 27,943.74 but lagged on Friday, closing about 0.3% under its 200-day average at 28,039 after two closes above it.
- Nvidia's 12.75% weekly drop and AMD's 18.93% jump put both on the board; the pivot that matters most is the Nasdaq 100's 200-day at 28,039, with Nvidia reporting after Tuesday's close.
Key numbers
Levels to watch
- 7,715.57RESISTANCENov 4 high, above the 50-day average at 7,667 and the 7,700 strike with the most call open interest
- 7,652.76RESISTANCEThursday's high, the top of this week's range, with the 20-day average at 7,613 just under it
- 7,500PIVOTRound number and strike with the most put open interest near price; Friday's low stopped at 7,499.40
- 7,350.35SUPPORTNov 5 low, with the 200-day average at 7,340 just under it
- 28,829.66RESISTANCEBottom of what is left of the Oct 30 gap, still open up to 29,257, near the 29,000 strike with the most open interest
- 28,593.52RESISTANCEWednesday's high, the week's top, sitting on the 20-day average at 28,588
- 28,039.34PIVOT200-day average, closed above Wednesday and Thursday and lost again Friday; the 28,000 strike sits just under it
- 27,609.71SUPPORTFriday's low
- 26,606.43SUPPORTNov 5 low, the bottom of this three-month chart
- 179.92RESISTANCEMonday's high, the bottom of Monday's open gap up to 185.22, at the 180 strike
- 170.00RESISTANCEFriday's high, under Wednesday's 170.77 low, a small open gap at the 170 strike
- 160.00PIVOTRound number with heavy put open interest; Friday's low at 158.39 dipped under it and the close recovered
- 148.80SUPPORTThursday's low after the CEO resignation, just under the 150 strike with the most put open interest
- 594.00RESISTANCEThursday's high, just under the 600 strike with the most call open interest
- 554.55RESISTANCE50-day average, closed above Wednesday and Thursday and lost Friday
- 520.00PIVOTFriday's low at 520.01, on top of the 20-day average at 519
- 500.00SUPPORTRound number and the strike with the most open interest
- 468.21SUPPORTTop of Monday's open gap, down to 459.80
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The week's gains came Monday and the charts spent the next four days giving some back. The S&P 500 rose 2.51% to 7,561.67, still about 3.0% above its 200-day average, but Friday's low tagged 7,499.40 before the close recovered. The Nasdaq 100 rose 3.53% to 27,943.74, won back its 200-day on Wednesday, held it Thursday, and closed about 0.3% under it on Friday as chip stocks fell.
The S&P 500
Monday's 2.35% jump lifted the index off last week's 7,350.35 low, and the rest of the week chopped between Tuesday's 7,470.43 low and Thursday's 7,652.76 high, which stopped under the 50-day average at 7,667. Price closed under both the 20-day average at 7,613 and the 50-day, which are both rolling over, while the 200-day at 7,340 keeps rising. The pivot is 7,500, a round number with the most put open interest near price, where Friday's low stopped at 7,499.40. Above, Thursday's high and the Nov 4 high at 7,715.57, near the 7,700 strike with the most call open interest, are the levels with history. Below, the Nov 5 low at 7,350.35 sits right on top of the 200-day.
The Nasdaq 100
Tech led the week, up 3.53% against 2.51% for the S&P, but lagged on Friday with a 1.22% drop against 0.40%. The index closed above its 200-day average on Wednesday and Thursday for the first time since the Nov 5 break, then slipped back under it, so 28,039 is the pivot, with the 28,000 strike just below. Above it, Wednesday's 28,593.52 high sits on the 20-day average at 28,588, and the rest of the Oct 30 gap is still open from 28,830 to 29,257. The 50-day at 29,506 is falling and sits above all of it. Below, Friday's low at 27,609.71 and the Nov 5 low at 26,606.43 are the levels with history.
Nvidia after losing its CEO
Nvidia made the board with a 12.75% weekly drop to 162.85 after Jensen Huang resigned as CEO on Thursday, effective immediately, with finance chief Colette Kress named interim CEO. Thursday it opened at 151.01 and hit a low of 148.80 before closing at 166.19, and Friday's high stopped at 170.00, under Wednesday's 170.77 low. The stock is about 33.1% below its Oct 6 high at 243.37 and about 20% under its 200-day average at 204.19. Monday's open left a gap from 179.92 to 185.22 that is still open. The pivot is 160, a round number with heavy put open interest; Friday's low at 158.39 dipped under it before the close recovered. Below, Thursday's 148.80 low sits just under the 150 strike with the most put open interest.
AMD after the rotation
AMD made the board with an 18.93% weekly gain to 534.06, which posts tied to buyers rotating into Nvidia's rivals. It rose 13.26% on Monday and 5.86% on Thursday, the day Huang resigned, to close at 585.30, then fell 8.75% on Friday as posts said that rotation reversed. Monday's open left a gap from 459.80 to 468.21 that is still open. The stock closed above its 50-day average on Wednesday and Thursday and lost it Friday, and Thursday's 594.00 high stopped under the 600 strike with the most call open interest. The pivot is 520, where Friday's low at 520.01 met the 20-day average at 519. Below, 500 is the strike with the most open interest, then the top of Monday's gap at 468.21.
Pivot moments next week
Monday starts with the Empire State manufacturing survey at 8:30 AM ET (prior 25.5), a first read for the S&P's 7,500. Tuesday is the big day: October retail sales at 8:30 AM ET (prior +0.8%), industrial production at 9:15 AM ET and Cleveland Fed President Beth Hammack at 9:30 AM ET, then Nvidia's report after the close, with an implied move of about 7.3%, or about $11.90 either way from Friday's close. That range reaches from near Thursday's 148.80 low to above the 170 resistance, and the reaction tests the Nasdaq 100's 200-day at 28,039 and AMD's 520. Home Depot reports before Tuesday's open. Wednesday has October housing starts at 8:30 AM ET and the Fed's meeting minutes at 2:00 PM ET, a rates test for the S&P's 7,500. Thursday brings jobless claims and the Philadelphia Fed survey at 8:30 AM ET (prior 20.9), Walmart before the open and Chicago Fed President Austan Goolsbee at 12:30 PM ET. Friday's final November consumer sentiment at 10:00 AM ET (prior 48) closes the week.
How to read these levels
These levels mark where the market has reacted before and may again. They are not predictions or trade signals. A daily close through a level says more than an intraday poke, and an open gap tends to stay a reference point until price trades back through it.
- SteadyNvidia's CEO shake-upNvidia closed the week at 162.85, down 12.75%, between Thursday's 148.80 low and Friday's 170 high, with its first report under an interim CEO due after Tuesday's close.
- CoolingThe AI spending boomThe Nasdaq 100 lost its 200-day again on Friday as AMD fell 8.75%, a day after closing above it, leaving 28,039 as the line tech has to win back.
SOURCES ›
- Economic calendar, pulled 10:23 AM ET 2026-11-14: Mon 11/16 8:30 AM ET Empire State Manufacturing Survey (prior 25.5); Tue 11/17 8:30 AM ET October retail sales (prior 0.8%) and import prices (prior 1.1%), 9:15 AM ET October industrial production (prior 0.7%), 9:30 AM ET Cleveland Fed President Beth Hammack speaks at Brookings, 10:00 AM ET NAHB index (prior 29); Wed 11/18 8:30 AM ET October housing starts (prior 1.2M), 2:00 PM ET FOMC minutes; Thu 11/19 8:30 AM ET weekly jobless claims and Philadelphia Fed survey (prior 20.9), 12:30 PM ET Chicago Fed President Austan Goolsbee; Fri 11/20 10:00 AM ET University of Michigan final November survey (prior 48). No forecasts posted.
- Earnings calendar, pulled 10:23 AM ET 2026-11-14: Tue 11/17 before the open Home Depot (HD, expected move 4.38%); Tue 11/17 after the close Nvidia (NVDA, EPS est 2.49, expected move 7.31%; 7.31% of 162.85 is about 11.90); Thu 11/19 before the open Walmart (WMT, expected move 5.29%).
- Index daily bars from quotes for SPX and NDX, Jul 1, 2025 to Nov 13, 2026 close (4:00 PM ET); 20, 50 and 200-day averages computed from those closes (SPX 7,613.26, 7,667.46, 7,340.32; NDX 28,588.32, 29,505.95, 28,039.34). SPX 7,561.67 vs 7,376.86 Nov 6 (+2.51%), Mon +2.35%, Fri −0.40%; NDX 27,943.74 vs 26,989.99 (+3.53%), Fri −1.22%; NDX closes Wed 28,374.25 and Thu 28,289.19 vs 200-day 28,017.71 and 28,029.05. Gaps, highs and lows from the same bars.
- Equity daily bars from quotes for SPY, QQQ (volume panels), AMD (Jul 1, 2025 to Nov 13, 2026) and NVDA (Oct 1, 2025 to Nov 13, 2026), close 4:00 PM ET. NVDA 162.85 vs 186.64 Nov 6 (−12.75%), Thu open 151.01, low 148.80, close 166.19; 20/50/200-day 198.69, 214.65, 204.19; Oct 6 high 243.37. AMD 534.06 vs 449.04 (+18.93%), Mon +13.26%, Thu +5.86% to 585.30, high 594.00, Fri −8.75%, low 520.01; 20/50/200-day 519.02, 554.55, 423.12.
- Options open interest by strike, as of the Nov 13 close, pulled 10:23 AM ET 2026-11-14: SPX 7,700 (189,255 calls, the most), 7,500 (126,106 calls, 195,475 puts, the most puts); NDX 29,000 (2,869 calls, 2,891 puts, the most), 28,000 (2,114 calls, 3,083 puts); NVDA 200 (880,524 calls, the most), 180 (369,701 calls, 368,932 puts), 170 (305,956 calls, 322,663 puts), 160 (414,308 puts), 150 (690,219 puts, the most); AMD 600 (65,283 calls, the most), 500 (41,754 calls, 53,544 puts, the most overall).
- Charts: drawn from the same daily bars and open interest, Aug 13 to Nov 13, 2026.
- @zerohedge — “*NVIDIA CEO HUANG RESIGNS, EFFECTIVE IMMEDIATELY *NVIDIA NAMES CFO COLETTE KRESS INTERIM CEO”
- @DeItaone — “$NVDA - NVIDIA CORPORATION - JENSEN HUANG RESIGNS AS PRESIDENT, CEO, AND BOARD MEMBER EFFECTIVE IMMEDIATELY”
- @WOLF_Financial — “AMD $AMD +13.3%”
- @FuturesWire — “Nvidia CEO Huang Resigns as Shares Slide Over 4%; AMD Rises Nearly 6%”
- @DamonSun__ — “Jensen Huang walked away, and Wall Street immediately rotated into his rivals.”
- @_DeepHill_ — “Chip selloff: $AMD -11% as the post-Huang rotation into Nvidia rivals reverses.”
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