• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy S&P 500 and Nasdaq: Another all-time high for S&P 500
Economy

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

by September 27, 2024
by September 27, 2024 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

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.

You Might Also Like
  • Freedom Caucus chair says Speaker Johnson must ‘reassert authority’ amid GOP infighting over spending plan
  • Al Gore takes another swing at Trump-appointed World Bank president: ‘Climate denier’
  • Some George Mason University students walk out, turn backs during Gov. Youngkin’s commencement speech
  • Soros-backed prosecutor accused of accepting thousands in campaign donations from alleged foreign national
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Inflation In France Takes a Sudden Plunge in September
next post
EURUSD and GBPUSD: Euro under pressure drops below

You may also like

EURUSD and GBPUSD: GBPUSD under pressure to stay bullish

September 30, 2024

Fetterman approaches Biden-level unpopularity in home state: poll

June 29, 2023

Weekly Initial Claims Continue to Trend Higher

December 1, 2022

Kohl’s Shares Plunge 11%

November 26, 2024

Adani Group Shares Recover as CFO Denies U.S. Bribery

November 26, 2024

Texas Dem points finger at blue states as latest mass...

May 8, 2023

DAVID MARCUS: Harris and Walz’s bizarre skit exposes double standard...

August 17, 2024

GOP turns up heat on House Dems with high-pressure Israel...

May 16, 2024

‘Class warfare’: Wealth tax the latest measure by California Democrats...

January 25, 2023

Alito pauses Boy Scouts $2.46 billion abuse settlement

February 18, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


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

    Recent Posts

    • How to Find Compelling Charts in Every Sector

      July 10, 2025
    • White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation

      July 10, 2025
    • Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

      July 10, 2025
    • OpenAI to release web browser in challenge to Google Chrome

      July 10, 2025
    • Sports executive charged with bid-rigging in Texas arena project

      July 10, 2025

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 3,631 views
    • 2

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,919 views
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,607 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,577 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,451 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,171)
    • Investing (538)
    • Stock (2,662)

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • How to Find Compelling Charts in Every Sector

      July 10, 2025
    • White House accuses Powell of mismanaging Federal Reserve, citing headquarters...

      July 10, 2025
    • Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

      July 10, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,171)
    • Investing (538)
    • Stock (2,662)

    Disclaimer: RoundTableThoughts.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 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Kamala Harris accepts invitation to debate...

    May 17, 2024

    Freedom Caucus warns GOP leaders against...

    December 30, 2023

    FBI Director Christopher Wray cites increased...

    April 12, 2024
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here