The Revenue Rises
Trending Now
Stock Market News UK Update: FTSE 100 &...
Stock Market News UK Update: FTSE 100 &...
DP Trading Room: Key Support Levels for the...
Stock Market News UK Update: FTSE 100 &...
Stock Market News UK Update: FTSE 100 &...
Stock Market News UK Update: FTSE 100 &...
Stock Market News UK Update: FTSE 100 &...
Retirees ‘stunned’ as market turmoil over tariffs shrinks...
Week Ahead: NIFTY Set To Open Lower; Relative...
Market Drop Compared to 2020: What You Need...

The Revenue Rises

Economy

S&P 500 and Nasdaq: Nasdaq rises to new high on Friday

by admin August 12, 2024
August 12, 2024
S&P 500 and Nasdaq: Nasdaq rises to new high on Friday

S&P 500 and Nasdaq: Nasdaq rises to new high on Friday

  • The S&P 500 index managed to climb to a new weekly high this morning at 5349.7.
  • On Friday, the Nasdaq climbed to a new weekly high at the 18533.5 level.

S&P 500 chart analysis

The S&P 500 index managed to climb to a new weekly high this morning at 5349.7. The index has been in a strong bullish consolidation since yesterday’s drop to 5150.0. We now have new resistance at today’s high and see a pullback below the EMA 200 moving average. The S&P 500 is now at 5305.0, and we are close to the 5300.0 support level. The EMA 50 moving average has added support in that zone. If the support weakens, a drop to a new daily low will follow.

Potential lower targets are 5275.0 and 5250.0 levels. For a bullish option, we need a positive consolidation, a return above 5340.0, and the EMA 200 moving average. Then, the S&P 500 needs to stabilize there to trigger further bullish consolidation. Potential higher targets are 5375.0 and 5400.0 levels.

 

Nasdaq chart analysis

On Friday, the Nasdaq climbed to a new weekly high at the 18533.5 level. We stayed there for a short time because the index started to lose its previous momentum. Additional pressure in that zone in the EMA 200 moving average influenced us to see the Nasdaq retreat to the 18310.0 level. The bearish momentum is strengthening, and it is possible that we will see a pullback of the index by the end of the day. Potential lower targets are the 18200.0 and 18000.0 levels.

For a bullish option, we need a positive consolidation and retracement back to 18500.0 and the EMA 200 moving average. This time we need support from the 200 EMA to continue to the bullish side. If we manage to stabilize, we will be in a good position to see the Nasdaq recover to higher levels. Potential higher targets are 18800.0 and 19000.0.

 

The post S&P 500 and Nasdaq: Nasdaq rises to new high on Friday appeared first on FinanceBrokerage.

previous post
How Tim Walz went from NRA-endorsed to a gun-control advocate
next post
S&P 500 Teetering On 100-Day Moving Average Support

Related Posts

Stock Futures Lower after S&P 500 futures ticked...

January 11, 2025

DeXe Network: Social Trading On Blockchain At Its...

October 2, 2024

GGP Share Price Continues Decline. Will It Recover...

August 8, 2024

Bitcoin drops to a new weekly low on...

October 23, 2024

S&P 500 Surge: Market Shift and Economic Impact

August 11, 2024

EURAUD and EURNZD: EURNZD crosses resistance at 1.8000

July 20, 2024

Could Bitcoin Reach $200000? Market & Expert Insights

March 4, 2025

IonQ Stock Review: Should You Consider Investing Now?

August 1, 2024

Apple Stock Nears Buy Zone at $237

October 24, 2024

EUR/USD and EUR/GBP Analysis: A Sharp Drop

November 5, 2024

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Stock Market News UK Update: FTSE 100 & 250 Rise
    • Stock Market News UK Update: FTSE 100 & 250 Rise
    • DP Trading Room: Key Support Levels for the SPY
    • Stock Market News UK Update: FTSE 100 & 250 Rise
    • Stock Market News UK Update: FTSE 100 & 250 Rise

    Popular Posts

    • 1

      Polls show some good early signs for Kamala Harris

      July 26, 2024
    • 2

      Solana and Cardano: Solana is waiting for a new impulse

      July 18, 2024
    • 3

      The presidential race shifts — modestly, so far — toward Harris

      August 6, 2024
    • 4

      Donald Trump’s imaginary and frightening world

      September 23, 2024
    • 5

      DP Trading Room: PMO Sort on Earnings Darlings

      July 18, 2024

    Categories

    • Business (663)
    • Economy (965)
    • Politics (873)
    • Stocks (749)

    Disclaimer: therevenuerises.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 © 2024 The Revenue Rises. All Rights Reserved.