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

S&P 500 and Nasdaq in retreat to new weekly lows

by July 19, 2024
written by July 19, 2024

S&P 500 and Nasdaq in retreat to new weekly lows

On Tuesday, the S&P 500 index formed a new all-time high at 5669.8.
The value of the Nasdaq index fell to 19568.8 last night, forming a weekly low there. 

S&P 500 chart analysis

On Tuesday, the S&P 500 index formed a new all-time high at 5669.8. After its formation, the index lost momentum and turned bearish. On Wednesday, we fell below 5600.0, and on Thursday, a weekly low was formed at the 5522.2 level. During this morning’s Asian session, we first saw a bullish attempt that was stopped at the 5560.0 level. This led to another pullback and a test of the weekly low.

For now, we are holding above but remain under pressure in this support zone. Potential lower targets are the 5510.0 and 5500.0 levels. For a bullish option, we need a positive consolidation and a jump above the 5560.0 level. With that, we climb to a new daily high and move to the bullish side. After that, we can expect to see some recovery in the S&P 500 index.

 

Nasdaq chart analysis

The value of the Nasdaq index fell to 19568.8 last night, forming a weekly low there. During this morning’s Asian trading session, we tested that level once again. We have received new support, and now we need to see a bullish impulse above the 19800.0 level. Then we need to stabilize there. After that, the Nasdaq would have a better position from which it could continue to grow to the bullish side.

With the jump to 19900.0, we get the EMA 50 moving average support. Potential higher targets are 20000.0 and 20100.0 levels. We need a negative consolidation and pullback to the weekly support level for a bearish option. That would be the third time in 24 hours that we are at that level. This time, we could easily see the impulse below and a new lower low formation. Potential lower targets are 19500.0 and 19400.0 levels.

 

The post S&P 500 and Nasdaq in retreat to new weekly lows appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
AUDUSD and AUDNZD: AUDUSD continues to slide lower
next post
EURAUD and EURNZD: EURNZD crosses resistance at 1.8000

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

  • CVS is under pressure and considering a breakup. Here’s why that could be risky.

    October 6, 2024
  • Trump surprises first White House tour of the year

    February 25, 2025
  • Embraer CEO says jet maker studying possibilities for a new aircraft

    October 21, 2024
  • Hunter Biden sought State Department assistance for foreign company while Joe was VP: report

    August 14, 2024
  • India’s TCS reports sharp decline in Q1 deal wins, order book at $8.3 billion

    July 11, 2024

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

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

    December 4, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

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

    July 19, 2024
  • 5

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

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (4,723)
  • Investing (624)
  • Stock (773)

Latest Posts

  • Biden to hold first public event of the week before flying to beach house

    August 8, 2024
  • Trump posts ‘how it’s going’ message contrasting Time Person of the Year cover with mugshot

    December 14, 2024
  • Long AON: capitalizing on bullish trends and strategic fundamentals for targeted upside potential

    January 9, 2025

Recent Posts

  • SoundHound AI Stock Drops: Q2 2024 Nvidia Portfolio Update

    August 19, 2024
  • SCOOP: Trump ally’s Gulf of America bill sparks frustration in House GOP

    May 6, 2025
  • VFS Stock: VinFast Auto Ltd Technical Analysis

    September 3, 2024

Editor’s Pick

  • Europe’s inflation may rise due to Olympics and Taylor Swift events, but UBS claims local wallets will remain unscathed

    August 12, 2024
  • Pastor Max Lucado: Surviving a challenging election season is possible

    August 11, 2024
  • As First Lady, Melania Trump wants to be a positive, unifying force for good in return to White House

    November 8, 2024
  • 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