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

The S&P 500 and Nasdaq are driving the recovery

by July 30, 2024
written by July 30, 2024

The S&P 500 and Nasdaq are driving the recovery this morning

This week, the S&P 500 index managed to stabilize in the range of 5440.0-5490.0.
During this morning’s Asian trading session, the Nasdaq index retreated to new support at the 18900.0 level. 

S&P 500 chart analysis

This week, the S&P 500 index managed to stabilize in the range of 5440.0-5490.0. Yesterday, we had a new visit to the 5440.0 support level. After that, a bullish consolidation was initiated, and we are on our way to the upper line of this range. If this consolidation continues, the index could recover to the 5500.0 level. There, we will test the EMA 200 moving average in the hope that we will have the strength to continue above.

Looking ahead, potential higher targets for the S&P 500 index are the 5520.0 and 5540.0 levels. However, a bearish option is also plausible, which would require a downside consolidation and a further decline in the index to this week’s support level. This scenario would increase the pressure on the index to continue its retreat, with potential lower targets at 5420.0 and 5400.0 levels.

 

Nasdaq chart analysis

During this morning’s Asian trading session, the Nasdaq index retreated to new support at the 18900.0 level. After that, we saw the initiation of a bullish consolidation up to the 19100.0 level. Here, we find support from the EMA 50 moving average, and we expect to start a further recovery to the bullish side. Potential higher targets are the 19200.0 and 19300.0 levels.

For a bearish option, we need a negative consolidation and a return below the weekly open price of 19000.0. With that step, we are moving to the bearish side and will be under stronger pressure that could push us into a further retreat. By falling below the 18900.0 level, the Nasdaq would descend to a new weekly low and confirm its weakness. Potential lower targets are the 18800.0 and 18700.0 levels.

 

The post The S&P 500 and Nasdaq are driving the recovery appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Nifty continues to make new all-time highs on Monday
next post
USDCAD and USDCNH: USDCAD is on a strong bullish run

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

  • Biden aides ‘scripted’ everything, allowed his faculties to ‘atrophy,’ new book claims

    April 9, 2025
  • Jimmy Carter’s funeral brings all five living presidents together in Washington, DC

    January 9, 2025
  • OpenAI embraces for-profit model to chase AI dreams

    December 27, 2024
  • Trump says career gov employees working on policy will be fired if they don’t adhere to his agenda

    April 18, 2025
  • Trump signs order instructing DOGE to massively cut federal workforce

    February 12, 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

    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

  • Federal judge clears way for release of special counsel report on Trump election case

    January 13, 2025
  • As Gaza war drags past 1 year mark, hope fades for a deal to bring hostages home soon

    October 9, 2024
  • Netanyahu blasts ‘Iran’s axis of evil’ after Jordan border terror attack kill 3 Israelis

    September 8, 2024

Recent Posts

  • ‘Trump trade’ returns for second week as bitcoin, Tesla, stocks surge

    November 12, 2024
  • The change voters seek goes beyond the left-right divide

    July 24, 2024
  • SpaceX launch scrubbed hours after Hegseth shares message to rescue mission crew: ‘Wish you Godspeed’

    March 13, 2025

Editor’s Pick

  • ‘Biden effect’ hits the Senate: Wave of retirements clears path for younger Dems

    April 24, 2025
  • Bitcoin price makes a new pullback below the $58000 level

    July 12, 2024
  • Hegseth quips ‘99.9%’ of DEI initiatives are gone from the military under Trump’s watch

    April 10, 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