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

S&P 500 and Nasdaq: New support and targets on Friday

by October 4, 2024
written by October 4, 2024

S&P 500 and Nasdaq: New support and targets on Friday

This week has not been kind to the S&P 500 index
The value of the Nasdaq index retreated to the 19614.1 support level on Tuesday

S&P 500 chart analysis

This week has not been kind to the S&P 500 index. On Tuesday, we had a strong bearish consolidation; on Wednesday, we formed a new weekly low at the 5673.1 level. From then until now, we see a sideways movement of the index in the 5675.0-2720.0 range. Additional pressure in the upper zone makes the EMA 200 moving average. Today’s picture has slight positive indications as support has risen to the 5695.0 level.

Expectations are growing that the S&P 500 has enough strength to jump over the EMA 200 and continue towards the weekly open zone around 5730.0. If we succeed in this, the optimism for the continuation to the bullish side grows. Potential higher targets are 5740.0 and 5750.0 levels. For a bearish option, we need a negative consolidation and a pullback of the index below the 5680.0 level. With those steps, we will put pressure on the support zone, and we need a break below to confirm the bearish scenario. Potential lower targets are 5670.0 and 5660.0 levels.

 

Nasdaq chart analysis

The value of the Nasdaq index retreated to the 19614.1 support level on Tuesday. After that, the index starts the initial consolidation in the 19650.0-19850.0 range. During this morning’s Asian session, we moved close to the upper line of the current range, and there we encounter the EMA 200 moving average. To continue on the bullish side, we need an impulse above at least the 19900.0 level.

That should be plenty of room for the Nasdaq to consolidate above the EMA 200 and continue to rise. Potential higher targets are 19950.0 and 20000.0 levels. For a bearish option, we need a negative consolidation and pullback down to the 19650.0 support level. This puts pressure on this week’s support zone. New pressure could easily push the Nasdaq to a new low and thus confirm the move to the bearish side. Potential lower targets are 19600.0 and 19550.0 levels.

 

The post S&P 500 and Nasdaq: New support and targets on Friday appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Guts Stock Overview: Latest Trends and Data To Know About
next post
Oil and Natural Gas: New Highs and Targets for Friday

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

  • GM to invest $625 million in joint venture to mine EV battery raw materials in U.S.

    October 17, 2024
  • Venezuelan President Nicolas Maduro wins re-election, as opposition disputes results

    July 29, 2024
  • Labor groups begin to unite behind Harris’ campaign — but some holdouts remain

    July 24, 2024
  • Elon Musk connects with indie Andrew Yang on billionaire former Trump ally’s third party push

    July 8, 2025
  • Let liberals lose their minds over Sydney Sweeney while I go jeans shopping

    July 31, 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 (5,602)
  • Investing (634)
  • Stock (867)

Latest Posts

  • Appeals court restores hold on Trump admin’s plan to cut government agency by 90%

    April 29, 2025
  • Store closures hit highest level since pandemic — see who’s shutting down the most locations

    January 24, 2025
  • Hunter Biden faces questions ahead of president’s primetime address: ‘It’s all good, man’

    July 24, 2024

Recent Posts

  • Trump’s AG pick has ‘history of consensus building’

    November 27, 2024
  • EURUSD and GBPUSD: The Euro managed to start a recovery

    September 2, 2024
  • Trump urged to aid Yemen’s anti-Houthi forces as terror group escalates attacks on shipping

    July 17, 2025

Editor’s Pick

  • Biden says he could ‘beat the hell out of’ authors of new book arguing his cognitive decline

    May 30, 2025
  • ‘Crush liberal dominance’: Conservative megadonor urges leaner, meaner posture for activist groups

    September 14, 2024
  • DAVID MARCUS: Both parties at risk of learning wrong lessons from Trump’s victory

    November 10, 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