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

S&P 500 and Nasdaq: S&P 500 in sideways consolidation today

by August 27, 2024
written by August 27, 2024

S&P 500 and Nasdaq: S&P 500 in sideways consolidation today

During this morning’s Asian trading session, the S&P 500 index moved above support at 5600.0
This week’s Nasdaq high was formed on Monday at the 19775.0 level

S&P 500 chart analysis

During this morning’s Asian trading session, the S&P 500 index moved above support at 5600.0. Today’s resistance is at 5627.0, and we need a break above that to get to the weekly open price of 5631.0. With the return above, we are back on the positive side and can hope for further growth to the bullish side. Potential higher targets are 5640.0 and 5650.0 levels.

On the other hand, a bearish option is also a possibility. A negative consolidation below the daily open price could lead to a new daily low, confirming an increase in bearish momentum. This could see the S&P 500 pull back to a new weekly low. Potential lower targets are 5590.0 and 5580.0 levels. The EMA 200 moving average is late down in the 5570.0 zone, indicating a potential bearish trend.

 

Nasdaq chart analysis

This week’s Nasdaq high was formed on Monday at the 19775.0 level. After that, we see the initiation of bearish consolidation and a drop to 19435.6 levels. The price managed to hold there and stabilize above the EMA 200 moving average and 19450.0. During this morning’s Asian trading session, the Nasdaq initiated a recovery to 19575.0. There, we encountered new resistance and began a pullback to the EMA 200 moving average.

The Nasdaq is now under pressure to move below and form a new daily low. This confirms the bearish pressure, and we expect to see a further pullback to a new weekly low. Potential lower targets are the 19400.0 and 19350.0 levels. For a bullish option, we need to hold above the EMA 200 moving average. If we succeed in that, it remains to start the recovery on the bullish side.

 

The post S&P 500 and Nasdaq: S&P 500 in sideways consolidation today appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
EURAUD and EURNZD: EURNZD drops to a new weekly low
next post
Robofund Review

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

  • Long AVGO: leveraging AI-driven growth and strong technical setup for potential breakout towards new highs

    August 14, 2024
  • Biden strangely calls Mike Johnson ‘dead on arrival’ in response to criticism of proposed SCOTUS reforms

    July 30, 2024
  • After stinging election defeats, DNC eyes rural voters as key to 2026 midterm success

    January 31, 2025
  • ApeCoin and Akita Inu: Akita has pulled to a yearly low

    August 6, 2024
  • DAVID MARCUS: The invisible hand that governed America during Biden years

    May 21, 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

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

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

    December 4, 2024
  • 5

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

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,563)
  • Investing (634)
  • Stock (945)

Latest Posts

  • DAVID MARCUS: The invisible hand that governed America during Biden years

    May 21, 2025
  • Israeli cabinet backs Trump’s demand for Hamas to release all hostages by Saturday deadline

    February 11, 2025
  • Canadian ministers head to Florida for talks with incoming Trump administration: report

    December 27, 2024

Recent Posts

  • FBI launches probes into 3 children’s hospitals for alleged genital mutilation of minors

    June 24, 2025
  • Republican Kevin Hern profits from UNH stock while overseeing Medicare policy

    July 18, 2024
  • SCOOP: Dept of Energy says it saved $700M in Trump’s first 100 days by cutting ‘wasteful’ programs

    April 28, 2025

Editor’s Pick

  • Israeli NGO works behind the scenes to coordinate aid to Gazan civilians

    August 12, 2025
  • First on Fox: Top outside group backing Senate Republicans showcases fundraising haul

    October 15, 2024
  • Trump says China agrees to ‘fully’ open country’s markets to US businesses

    May 12, 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