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: Another all-time high for S&P 500

by admin September 29, 2024
September 29, 2024
S&P 500 and Nasdaq: Another all-time high for S&P 500

S&P 500 and Nasdaq: Another all-time high for S&P 500

  • Yesterday’s strong bullish consolidation pushed the S&P 500 index to a new all-time high of 5773.2
  • On Wednesday, the Nasdaq returned above the 20000.0 level

S&P 500 chart analysis

Yesterday’s strong bullish consolidation pushed the S&P 500 index to a new all-time high of 5773.2. After a short consolidation in that zone, the index lost its momentum and started a retreat to the 5,720.0 level. Shortly after that, we found new support and moved back above the EMA 50 moving average. During this morning’s Asian trading session, the movement of the S&P 500 was calm in the 5740.0-5755.0 range.

In the EU session, we see a slight increase in bearish pressure and a drop in the index to the 5730.0 level. If this scenario continues, the S&P 500 will have to look for a new support level. Potential lower targets are 5720.0 and 5700.0 levels. For a bullish option, we need a positive consolidation and a jump to the 5760.0 level. After that, we can expect to start further growth and reach the previous high. Potential higher targets are 5770.0 and 5780.0 levels.

 

Nasdaq chart analysis

On Wednesday, the Nasdaq returned above the 20000.0 level. The index gained new momentum there and continued until 20318.9. At that level, we had strong resistance for further continuation, which had the effect of starting a bearish consolidation and a dog back to the 20000.0 level. During this morning’s Asian trading session, the movement took place in the 20070.0-20140.0 range. Nasdaq is trying to maintain this range despite the bearish pressure.

A return of the index above the daily open level would be an excellent indicator that we have enough strength to start a bullish consolidation. Potential higher targets are 20200.0 and 20300.0 levels. We need a negative Nasdaq consolidation below the 20000.0 level for a bearish option. With that step, we put pressure on yesterday’s low. This time, we need a break below and the formation of a new low to confirm the bearish momentum. Potential lower targets are 19900.0 and 19800.0 levels.

 

The post S&P 500 and Nasdaq: Another all-time high for S&P 500 appeared first on FinanceBrokerage.

previous post
On private call, Arizona’s top Democrats debated a ‘dire’ ballot dilemma
next post
Why JPMorgan Chase is prepared to sue the U.S. government over Zelle scams

Related Posts

Gold and Silver: Gold moves to a new...

September 26, 2024

SafeMoon and Litecoin: Levels and Prices for Tuesday

October 16, 2024

Super Micro Stock Soars 65%; TQQQ Fluctuates

October 9, 2024

Alibaba Launches Qwen 2.5 AI, Outperforming DeepSeek-V3

January 30, 2025

EURAUD and EURNZD: EURNZD drops to a new...

August 28, 2024

Bitcoin and Ethereum: continued bearish pressure on Friday

October 26, 2024

Stellar and Bitcoin Cash: Stellar launches a bullish...

August 21, 2024

EURGBP and EURCHF: EURGBP finds support again at...

July 18, 2024

Nifty and German 40: Nifty still at the...

August 9, 2024

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

December 12, 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.