• 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

Bitcoin Slips to $83.6K Amid Nvidia’s $5.5B Charge

April 21, 2025

Fed’s Stagflation Warning Impacts Crypto Markets

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

  • Trump, Putin on same page about Iran’s nuclear weapon capabilities, White House says

    March 18, 2025
  • Fate of Trump’s $9.4 billion spending cut package hangs on House GOP moderates

    June 12, 2025
  • RFK Jr. asks Americans to suggest policies for new Trump administration: ‘Transition team belongs to YOU’

    November 14, 2024
  • Comcast and Harris Blitzer to build NBA, NHL stadium in south Philadelphia

    January 14, 2025
  • Secret Google-Meta deal targets teens on YouTube, skirts rules: report

    August 8, 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

    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 (6,247)
  • Investing (634)
  • Stock (935)

Latest Posts

  • House Freedom Caucus draws battle lines on reconciliation fight after presenting plan to Trump

    January 16, 2025
  • First lady Melania Trump’s new official portrait revealed

    January 27, 2025
  • Does Roblox Q2 earnings signal a gaming industry rebound?

    August 1, 2024

Recent Posts

  • Lucid CEO steps down; EV maker plans to more than double production in 2025

    February 27, 2025
  • Hakeem Jeffries demands Trump ‘justify’ striking Iran, but side-steps impeachment question

    June 23, 2025
  • Biden-Harris envoy accused of pressuring Israeli lawmakers to drop bill banning terror-linked UN agency

    October 23, 2024

Editor’s Pick

  • Learning from Joe Lieberman to repair the American breach

    March 16, 2025
  • Here are Trump’s top accomplishments 50 days into his Oval Office return

    March 11, 2025
  • Treasury Department recoups $31 million in improper government payments to dead people

    January 17, 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