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

S&P 500 and Nasdaq: The S&P 500 is up this morning

by August 30, 2024
written by August 30, 2024

S&P 500 and Nasdaq: The S&P 500 is up this morning

On Thursday, the S&P 500 rose to 5647.1 levels, forming a new high
During this morning’s Asian trading session, the Nasdaq is receiving support at the 19400.0 level

S&P 500 chart analysis

On Thursday, the S&P 500 rose to 5647.1 levels, forming a new high. We just missed reaching the weekly high of 5650.2 levels. Very quickly, we lost momentum there and had to start retreating. The decline was stopped at the 5590.0 level and the EMA 200 moving average. After that, the index begins a bullish consolidation above the 5600.0 level.

During this morning’s Asian session, the recovery continued, while in the EU session, we formed a new daily high at the $5622 level. We expect to see a continuation on the bullish side and a climb to a new high. Potential higher targets are 5630.0 and 5640.0 levels. For a bearish option, we need a pullback of the S&P 500 to the 5600.0 daily open price. The index’s inability to hold there will only add to the bearish momentum. Potential lower targets are 5590.0 and 5580.0 levels.

 

Nasdaq chart analysis

During this morning’s Asian trading session, the Nasdaq is receiving support at the 19400.0 level. Today’s bullish consolidation pushed the index up to 19500.0 levels. This gave us support from the EMA 200 moving average, and now we expect to see a further advance and the formation of a new daily high. We expect to see a further advance to yesterday’s high at the 19630.5 level.

This time, we hope for a break above and growth towards the weekly open price. Potential higher targets are 19650.0 and 19700.0 levels. For a bearish option, we need a pullback of the Nasdaq below 19350.0 and the daily open price. After that, we will have to test the previous low at the 19300.0 level. New pressure could create an impulse below and form a new daily low. Potential lower targets are 19250.0 and 19200.0 levels.

 

The post S&P 500 and Nasdaq: The S&P 500 is up this morning appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
AUDUSD consolidates around the weekly open price
next post
TNA Stock: Predictions, Live Stats, and What to Know

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

  • Flagging sales and Elon Musk’s political activities are rocking Tesla’s value

    March 17, 2025
  • The Hitchhiker’s Guide to confirming Trump Cabinet nominees — perhaps even during inaugural balls

    January 15, 2025
  • Boeing taps aerospace veteran Kelly Ortberg to replace Dave Calhoun as CEO

    August 1, 2024
  • Johnson to side-step GOP rebels on government funding, seek Dem support to avoid shutdown

    September 24, 2024
  • Israel bans UN secretary-general over anti-Israel actions: ‘Doesn’t deserve to set foot on Israeli soil’

    October 2, 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

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

    July 19, 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 (5,006)
  • Investing (634)
  • Stock (809)

Latest Posts

  • Former Obama official defends keeping Biden on ticket: ‘Presidency is more than just one man’

    July 10, 2024
  • Trump announces 100% tariff on all foreign-produced movies: ‘WE WANT MOVIES MADE IN AMERICA, AGAIN!’

    May 5, 2025
  • Chinese companies secure record $14 billion in offshore convertible bonds amid high-interest rates

    July 23, 2024

Recent Posts

  • Alibaba leads Chinese tech rally with DeepSeek rival launch: What investors need to know

    March 6, 2025
  • Federal judge orders Trump admin to restore public health web pages

    February 11, 2025
  • Israel hits the ‘heart’ of Iran’s nuclear program in Natanz facility strike

    June 13, 2025

Editor’s Pick

  • World leaders back Zelenskyy following Trump, Vance Oval Office spat

    March 1, 2025
  • Hims Stock Soared 8.87% Last Week: Should You Invest?

    July 31, 2024
  • SafeMoon and LItecoin: SafeMoon comes down under pressure

    July 23, 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