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: S&P 500 in sideways consolidation today

by admin August 28, 2024
August 28, 2024
S&P 500 and Nasdaq: S&P 500 in sideways consolidation today

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.

previous post
Rent the Runway: Fashion Leader with Stock on the Rise
next post
Three Technology Stocks in Make or Break Scenarios

Related Posts

Ethereum Sentiment Declines Amid Regulatory Concerns

February 8, 2025

The dollar index has a new opportunity to...

August 27, 2024

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

January 14, 2025

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

January 15, 2025

S&P 500 and Nasdaq: Nasdaq rises to new...

August 12, 2024

Solana and Cardano: Cardano drops to new weekly...

October 25, 2024

SafeMoon and Litecoin: Litecoin has support issues

July 18, 2024

Oil Industry Prioritizes Shareholders on Drilling Expansion

January 28, 2025

The S&P 500 and Nasdaq continue last week’s...

August 14, 2024

Nifty and German 40 Nifty is slowly closing...

August 23, 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.