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

S&P 500 and Nasdaq, new index recovery from this morning

by August 23, 2024
written by August 23, 2024

S&P 500 and Nasdaq, new index recovery from this morning

On Thursday, the S&P 500 rose to a new weekly high at the 5642.4 level
Nasdaq was in a bullish consolidation this week up to the 19940.1 level

S&P 500 chart analysis

On Thursday, the S&P 500 rose to a new weekly high at the 5642.4 level. After forming a new high, the index started a retreat, and with a few bearish impulses, it fell to 5561.2. The fall was stopped there, so we quickly consolidated and started a recovery on the bullish side. The index is now at the 5605.0 level and has the support of the EMA 50 moving average. Everything points to further growth and recovery.

Potential higher targets are 5620.0 and 5640.0 levels. For a bearish option, we need a negative consolidation back to the previous low. This puts new pressure on that level. To continue, the S&P 500 would have to make an impulse below to a new low. Potential lower targets are 5560.0 and 5540.0 levels.

 

Nasdaq chart analysis

Nasdaq was in a bullish consolidation this week up to the 19940.1 level. On Thursday, we stopped at that level and started a strong bearish consolidation up to the 19440.0 level. During this morning’s Asian session, we got that new support and started a bullish consolidation. A daily high was formed at the 19680.0 level. Here, we meet the EMA 50 moving average and need momentum above to continue on the bullish side.

If we succeed in that, we will continue with the recovery. Potential higher targets are the 19700.0 and 19750.0 levels. For a bearish option, we need a negative consolidation and pullback below the 19600.0 level first. This would move us away from the EMA 50, which would strengthen the bearish momentum. Next is a further pullback to last night’s low and testing of that support. Potential lower targets are the 19550.0 and 19500.0 levels.

 

The post S&P 500 and Nasdaq, new index recovery from this morning appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
EURAUD and EURNZD: EURAUD in a new bearish consolidation
next post
Asian Stock Market Declines Following BOJ’s Comments

related articles

Trump’s Fed Criticism Sparks Investor Concerns

April 22, 2025

Oil Prices Rebound After Trump’s Criticism of Powell

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

  • EXCLUSIVE: Trump admin takes action after massive fraud uncovered at agency Dems tried to protect from DOGE

    June 26, 2025
  • Long OTIS: Otis Worldwide Corp Near Breakout, Enter Trade During Consolidation Phase

    July 23, 2024
  • Gold and silver: Gold fell to a seven-day low this morning

    September 2, 2024
  • Hezbollah fires barrage of rockets into Israel after IDF targets Hezbollah command centers in Beirut

    November 25, 2024
  • Iran’s president denies claim that Iran tried to assassinate Trump

    January 15, 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 (6,428)
  • Investing (634)
  • Stock (939)

Latest Posts

  • Manchin says he wanted GOP to win Senate to stop Democrats’ quest for ‘raw political power’

    September 16, 2025
  • Russian drone crashes in Polish field as Warsaw protests airspace violation and plans formal complaint

    August 20, 2025
  • Elon Musk blasts John Bolton as ‘staggeringly dumb warmonger’ after criticism of Trump AG pick Matt Gaetz

    November 15, 2024

Recent Posts

  • Biden awkwardly stands in back of APEC photo with China’s Xi Jinping front and center

    November 17, 2024
  • Trump says Zelenskyy can ‘come back when he is ready for Peace’ after fiery White House exchange

    February 28, 2025
  • Country artist shares why he’s throwing his star power into race to replace top Republican

    September 11, 2025

Editor’s Pick

  • Schumer accuses Trump of exploiting Charlie Kirk’s death to launch political ‘witch hunt’

    September 18, 2025
  • Senate progressive accuses Trump of ‘mafia-style blackmail’ in shutdown fight

    September 25, 2025
  • We have to act now to keep AI from becoming a far-left Trojan Horse

    June 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