Whale Large Capital
  • Politics
  • World News
  • Business
  • Investing
  • Politics
  • World News
  • Business
  • Investing

Whale Large Capital

Investing

S&P 500 and Nasdaq: The S&P 500 is up this morning

by August 30, 2024
August 30, 2024
S&P 500 and Nasdaq: The S&P 500 is up this morning

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
FacebookTwitterGoogle +Pinterest
previous post
EURAUD and EURNZD: Euro tries to stop further retreat
next post
Harris lacked confidence, presidential demeanor in first TV interview: body language expert

You may also like

Ripple and Tron: Ripple boosts bullish momentum on...

October 17, 2024

S&P 500 and Nasdaq, new index recovery from...

August 23, 2024

AUDUSD and AUDNZD: AUDUSD continues to rise and...

August 12, 2024

EURUSD and GBPUSD: EURUSD is slowing the bullish...

August 28, 2024

Oil is recovering after last night’s drop to...

September 11, 2024

Nvidia Stock Hits Record High at $143.71

October 23, 2024

Iran Attacks Israel: Oil Surges, Markets React, US...

October 3, 2024

Stellar and Bitcoin Cash: Stellar in lateral consolidation

August 13, 2024

TNA Stock: Predictions, Live Stats, and What to...

August 30, 2024

Bitcoin continues to stick to the bullish side...

September 11, 2024

    Subscribe today to receive exclusive access to all our retirement secrets and income strategies, including special financial news and updates from our experts. From time to time, our newsletters feature valuable insights and analysis on the latest financial trends. Don't miss out on these exclusive updates – join our subscription to stay informed!


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



    Latest

    • North Korea lashes out after Trump DOJ exposes massive IT infiltration scheme

      July 4, 2025
    • Saudi defense minister secretly meets with Trump to discuss Iran de-escalation, Israel: sources

      July 4, 2025
    • Trump administration swarms SCOTUS with emergency requests and sees surprising success

      July 4, 2025
    • Essence Fest leads a summer of events for Black entrepreneurs galvanized by economic uncertainty

      July 4, 2025
    • At 90, the Dalai Lama braces for final showdown with Beijing: his reincarnation

      July 4, 2025
    • Russia becomes first nation to recognize Taliban government of Afghanistan since 2021 takeover

      July 4, 2025

    Categories

    • Business (706)
    • Investing (661)
    • Politics (4,797)
    • World News (3,163)
    • Terms & Conditions
    • Privacy Policy
    • Contact us
    • About us

    Disclaimer: WhaleLargeCapital.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 WhaleLargeCapital.com | All Rights Reserved