• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Economy

S&P 500 and Nasdaq fell under bear pressure yesterday

by July 12, 2024
written by July 12, 2024

S&P 500 and Nasdaq fell under bear pressure yesterday

A new all-time high for the S&P 500 index was formed yesterday at 5654.1. 
Nasdaq rose to 20758.4 levels yesterday. 

S&P 500 chart analysis

A new all-time high for the S&P 500 index was formed yesterday at 5654.1. After that, the index loses momentum and initiates a bearish consolidation to support at the 5577.0 level. During this morning’s Asian session, we saw a slight bullish consolidation of up to 5595.0. Here, we encounter resistance for now, and additional pressure is exerted by the EMA 50 moving average, which is in the zone around 5600.0 levels.

This could negatively affect the S&P 500 and push it to the bearish side. Potential lower targets are 5570.0 and 5560.0 levels. Greater support in the EMA 200 moving average awaits us at the 5560.0 level. We need a positive consolidation and a return above the EMA 50 moving average and 5600.0 for a bullish option. This extends this morning’s bullish consolidation. Potential higher targets are 5610.0 and 5620.0 levels.

 

Nasdaq chart analysis

Nasdaq rose to 20758.4 levels yesterday. Data on American inflation influenced us to see the index retreat to the 20152.9 level. The rapid decline broke through the EMA 200 moving average support. During this morning’s Asian trading session, there were no significant changes in the trend. The index moved in the 20200.0-20250.0 range. We are waiting for the US session and the PPI report for a more concrete step on the chart.

A hold in the support zone could produce momentum below and form a new weekly low. Potential lower targets are the 20100.0 and 20000.0 levels. We need a positive consolidation and a return above 20260.0 and the EMA 200 moving average for a bullish option. With that step, we would start the recovery, and the Nasdaq would have a chance to recover from yesterday’s fall.

 

The post S&P 500 and Nasdaq fell under bear pressure yesterday appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
EURAUD and EURNZD: EURAUD on the positive side today
next post
AUDUSD and AUDNZD: AUDUSD was close to visiting 0.68000

related articles

Oil Prices Rebound After Trump’s Criticism of Powell

April 22, 2025

Trump’s Fed Criticism Sparks Investor Concerns

April 22, 2025

Buy Bitcoin Under $100K Before The Next Bull...

April 22, 2025

BNB Price Surge Leads Crypto Gains as Bitcoin...

April 21, 2025

Fed’s Stagflation Warning Impacts Crypto Markets

April 21, 2025

Bitcoin Slips to $83.6K Amid Nvidia’s $5.5B Charge

April 21, 2025

Gold Price Surge Hits $3,385 Amid Trade Tensions

April 21, 2025

Bitcoin Rebounds to $83,404 Amid Renewed Investor Confidence

April 21, 2025

Memecoins, AI, and DeFi Tokens Lead Crypto Rebound

April 21, 2025

Bitcoin Nears $85K Amid Market Optimism

April 21, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Zelenskyy wants nukes or NATO; Trump special envoy Kellogg says ‘slim and none’ chance

    February 6, 2025
  • Israel turns tables on UN official claiming ‘genocide’ in Gaza with basic questions

    May 16, 2025
  • Fetterman dismisses questions as another top staffer reportedly jumps ship

    June 4, 2025
  • Australia calls Meta’s fact-checking decision a threat to democracy

    January 9, 2025
  • Getty Images to buy Shutterstock as part of $3.7 billion visual content expansion

    January 8, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,789)
  • Investing (634)
  • Stock (894)

Latest Posts

  • US, Russian officials propose peace plan, lay ‘groundwork for cooperation’ in Riyadh

    February 18, 2025
  • IMAX CEO expects $1.2 billion in box office receipts this year, the best in the company’s history

    February 22, 2025
  • Abortion pill mifepristone sparks new pro-life debate as some doctors stress safety concerns

    February 4, 2025

Recent Posts

  • Oil and natural gas: Oil slides to new low as stocks fall

    August 5, 2024
  • MNDY Stock Soars On Strong Q2 Earnings

    August 23, 2024
  • Trump Media sues Brazil Supreme Court judge who battled Elon Musk

    February 20, 2025

Editor’s Pick

  • BNGO Stock: BioNano Genomics Analysis and Forecast

    March 20, 2025
  • Trump criticizes Rand Paul over tax bill opposition: ‘Votes no on everything’

    June 3, 2025
  • Trump makes appearances at several Inaugural Balls around DC after jam-packed first day as POTUS

    January 21, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock