# The Nasdaq 100 slips back under its 200-day with Nvidia's report next Canonical URL: https://mrkts.gg/desk/spaghetti-saturday-2026-11-14 Last updated: Nov 14, 2026, 10:55 AM ET Spaghetti saturday · Published Nov 14, 2026, 10:55 AM ET > The S&P 500 closed the week at 7,561.67, about 3.0% above its 200-day average, while the Nasdaq 100 won back its own on Wednesday and lost it again Friday. Nvidia's Tuesday report is the test of that 28,039 line. ## In short - 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 - SPX: 7,561.67 (+2.51% wk) - SPX PIVOT: 7,500 (Friday's low, heavy puts) - NDX: 27,943.74 (+3.53% wk) - NDX PIVOT: 28,039 (200-day average) - NVDA: 162.85 (−12.75% wk) - NVDA PIVOT: 160.00 (Round number, heavy puts) - AMD: 534.06 (+18.93% wk) - AMD PIVOT: 520.00 (Friday's low, 20-day average) ## Key levels ### SPX (S&P 500), last 7,561.67 - 7,715.57 resistance: Nov 4 high, above the 50-day average at 7,667 and the 7,700 strike with the most call open interest - 7,652.76 resistance: Thursday's high, the top of this week's range, with the 20-day average at 7,613 just under it - 7,500 pivot: Round number and strike with the most put open interest near price; Friday's low stopped at 7,499.40 - 7,350.35 support: Nov 5 low, with the 200-day average at 7,340 just under it Above: A hold above 7,500 keeps the 20-day near 7,613 and Thursday's 7,652.76 high in play. Below: A close below 7,500 leaves the Nov 5 low at 7,350 and the 200-day near 7,340 as the next levels with history. ### NDX (Nasdaq 100), last 27,943.74 - 28,829.66 resistance: Bottom 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 - 28,593.52 resistance: Wednesday's high, the week's top, sitting on the 20-day average at 28,588 - 28,039.34 pivot: 200-day average, closed above Wednesday and Thursday and lost again Friday; the 28,000 strike sits just under it - 27,609.71 support: Friday's low - 26,606.43 support: Nov 5 low, the bottom of this three-month chart Above: A close back above the 200-day near 28,039 puts Wednesday's 28,594 high and the 20-day average in play. Below: A close under Friday's 27,610 low leaves the Nov 5 low at 26,606 as the next level with history. ### NVDA (Nvidia), last 162.85 - 179.92 resistance: Monday's high, the bottom of Monday's open gap up to 185.22, at the 180 strike - 170.00 resistance: Friday's high, under Wednesday's 170.77 low, a small open gap at the 170 strike - 160.00 pivot: Round number with heavy put open interest; Friday's low at 158.39 dipped under it and the close recovered - 148.80 support: Thursday's low after the CEO resignation, just under the 150 strike with the most put open interest Above: A hold above 160 keeps Friday's 170 high and the small gap to 170.77 in play. Below: A close below 160 leaves Thursday's 148.80 low as the only level with history on this chart. ### AMD (Advanced Micro Devices), last 534.06 - 594.00 resistance: Thursday's high, just under the 600 strike with the most call open interest - 554.55 resistance: 50-day average, closed above Wednesday and Thursday and lost Friday - 520.00 pivot: Friday's low at 520.01, on top of the 20-day average at 519 - 500.00 support: Round number and the strike with the most open interest - 468.21 support: Top of Monday's open gap, down to 459.80 Above: A hold above 520 keeps the 50-day near 555 and Thursday's 594 high in play. Below: A close below 520 and the 20-day puts 500 and the top of Monday's gap at 468.21 in play. 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 *Chart: SPX S&P 500 daily candles Aug 13 to Nov 13, 2026, with 20, 50 and 200-day averages. Levels: resistance 7,715.57 and 7,652.76, pivot 7,500, support 7,350.35. Friday close 7,561.67. The S&P sits about 62 points above 7,500, the line Friday's low tested.* 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 *Chart: NDX Nasdaq 100 daily candles Aug 13 to Nov 13, 2026, with 20, 50 and 200-day averages. Levels: resistance 28,829.66 and 28,593.52, pivot 28,039.34, support 27,609.71 and 26,606.43. Open gap 28,830 to 29,257 shaded. Friday close 27,943.74. Tech won back its 200-day for two days, then closed 96 points under it.* 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 *Chart: NVDA Nvidia daily candles Aug 13 to Nov 13, 2026, with 20, 50 and 200-day averages. Levels: resistance 179.92 and 170.00, pivot 160.00, support 148.80. Open gaps 179.92 to 185.22 and 170.00 to 170.77 shaded. Friday close 162.85. Nvidia closed under every average with two open gaps overhead.* 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 *Chart: AMD Advanced Micro Devices daily candles Aug 13 to Nov 13, 2026, with 20, 50 and 200-day averages. Levels: resistance 594.00 and 554.55, pivot 520.00, support 500.00 and 468.21. Open gap 459.80 to 468.21 shaded. Friday close 534.06. AMD gave back 8.75% Friday and closed about 15 points above its 20-day.* 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. ## Scenarios - If If the Nasdaq 100 closes back above its 200-day near 28,039 after Nvidia's report: Wednesday's 28,594 high and the 20-day average become the next levels in play. - If If the S&P 500 closes below 7,500: The Nov 5 low at 7,350 and the 200-day near 7,340 become the next levels with history. --- Get the Desk's daily market feature by email: https://mrkts.gg/newsletter?ref=ai&src=desk-spaghetti-saturday-2026-11-14 AI-assisted commentary. Not investment advice.