In yesterday’s post and video on the S&P and Nasdaq Composite indices, I included the following image:The message was straightforward. Both indices were trading in neutral technical territory. Buyers and sellers were battling, but neither side had taken firm control. Traders needed a shove.Today, that shove has been to the upside.Both indices have moved above and away from the technical levels that kept the bias neutral yesterday. That gives buyers the advantage. The question now is whether they can hold those breaks and keep the momentum going.S&P moves above its 100- and 200-hour moving averagesFor the S&P, yesterday’s close was between two key moving averages:100-hour moving average: 7667.69 (blue line on the chart above)200-hour moving average: 7675.90 (green line on the chart above)Closing between those levels left the index in a neutral position. Today’s higher open has shifted that bias back in favor of the buyers.The index is currently trading near 7699, up around 29 points. The session range so far is:High: 7702.64Low: 7688.99The important detail? Even the session low is above both moving averages. Buyers have pushed the price higher and, so far, have kept the entire trading range above those technical reference points.As long as the price remains above the moving averages, the buyers remain in control, with room to explore higher levels.The next upside targets are:7752.07: Last Friday’s high.7771.48: The lower boundary of the upper swing-high area.7816.70: The all-time high and upper boundary of that area.The 200-hour moving average at 7675.90 is the first support level to watch on a corrective move lower. Below that, the 100-hour moving average at 7667.69 becomes the next test.A move back between the averages would take some of the bullishness out of today’s break. A move below both—and staying below—would put the upside shove in doubt. Buyers had their shot. They need to hold the levels they have now broken.Nasdaq moves above its key swing areaFor the Nasdaq Composite, yesterday’s battle centered on the swing area between 26676.31 and 26856.24 (see yellow area and the red numbered circles on the chart above). The price based within that area and also closed inside it, leaving traders waiting for a clearer directional move.Today’s higher open supplied that move.The index has pushed above and away from the swing area, increasing the bullish bias. That former resistance area now becomes support once again.For me, the high of the area at 26856.24 is the key near-term level. Stay above it, and buyers can continue to explore the upside.The next targets are:27122: Last Friday’s high.27190: The earlier high from June.27288.79: The all-time high.Those levels give traders a roadmap. First, get above last Friday’s high. Then work toward 27190. Above that, the all-time high at 27288.79 comes into focus.On the downside, a move back below 26856.24 would return the price to the swing area and weaken the breakout. Buyers would then need to defend the lower boundary at 26676.31. A sustained break below that level would shift the technical picture more firmly toward the sellers.For beginners: The break defines the riskA technical breakout does two things. It points traders toward the next target, and it identifies a level that should hold if the move is going to continue.For the S&P, those reference points are the 100- and 200-hour moving averages. For the Nasdaq, it is the 26676.31–26856.24 swing area, with the upper boundary providing the first support test.That is how traders turn a bullish view into a plan. The upside targets show the potential reward. The support levels help define the risk.The broader indices got the shove they needed. Now buyers need to show they can keep it going. This article was written by Greg Michalowski at investinglive.com.