• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy S&P 500 and Nasdaq: Prices and Targets for Friday
Economy

S&P 500 and Nasdaq: Prices and Targets for Friday

by October 25, 2024
by October 25, 2024 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

S&P 500 and Nasdaq: Prices and Targets for Friday

Wednesday, October 23rd, was very inactive for the S&P 500 as we saw a drop to 5761.8
The Nasdaq was under a lot of pressure on Wednesday, October 23, and we saw a drop to 19936.3

S&P 500 chart analysis

Wednesday, October 23rd, was very inactive for the S&P 500 as we saw a drop to 5761.8. The previous support at the 5840.0 level did not hold, and a pullback followed. After the new low, the index managed to start a bullish consolidation up to the 5820.0 level. There, we encountered the EMA 200 moving average, which did not allow us to continue on the bullish side, but a new pullback was initiated.

This time, we get support at the 2785.0 level. During this morning’s Asian session, the S&P 500 managed to stabilize and jump over the EMA 200 moving average. It would be nice to stay up there until the end of this week’s session to put us in a good position for next week. Potential higher targets are 5840.0 and 5850.0 levels. For a bearish option, we need a negative consolidation of the S&P 500 below the 5810.0 daily open level. With that step, we strengthen the bearish momentum, and it remains for the index to continue its retreat. Potential lower targets are 5800.0 and 5790.0 levels.

 

Nasdaq chart analysis

The Nasdaq was under a lot of pressure on Wednesday, October 23, and we saw a drop to 19936.3. After the formation of a new low, the index begins to recover and returns above the 20000.0 level. During this morning’s Asian session we get new support at 20250.0. In that zone, the EMA 200 creates additional support, and the Nasdaq continues up to the 20300.0 level. We are a little short of reaching the weekly open level and moving to the positive side.

Potential higher targets are 20400.0 and 20450.0 levels. For a bearish option, it is necessary for the Nasdaq to pull back below the daily open level. This moves us below the EMA 200 moving average. After that, we expect the rise of bearish momentum and the formation of a new daily low. Potential lower targets are 20200.0 and 20150.0 levels.

 

The post S&P 500 and Nasdaq: Prices and Targets for Friday appeared first on FinanceBrokerage.

You Might Also Like
  • Morning Glory: No Border Wall, no deal on Israel and Ukraine
  • Paul Ryan says he will skip RNC if Trump wins 2024 nomination
  • Critics shred Biden for claiming ‘our nation’s children are all our children’: ‘Absolutely wrong’
  • Progressives Love Suppressing Votes–But Not the Way You Think
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Boeing machinists reject new labor contract, extending strike
next post
EURUSD and GBPUSD: The second part of the week is recovery

You may also like

South Carolina passes ‘heartbeat’ abortion bill that limits access to...

May 24, 2023

White House condemns Texas over ‘atrocious’ floating razor wire barriers...

July 20, 2023

ApeCoin and Akita Inu: ApeCoin drops to a new low...

October 1, 2024

Jordan creeps ahead of Scalise in public House GOP support...

October 10, 2023

GOP lawmaker presses Treasury on donation cashflow between pro-Palestinian charities...

November 9, 2023

‘Pay for slay’: Palestinian Authority may have to compensate families...

October 19, 2023

Biden gives interview to radio show that promoted notorious antisemite...

November 27, 2023

GOP, Dems team up to kill Gaetz resolution removing US...

March 9, 2023

Disgraced EcoHealth Alliance reaped nearly $100M in taxpayer funds since...

May 25, 2024

Illinois governor slams sheriffs who vowed to defy gun ban,...

January 16, 2023

    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

    • Amazon taps Xbox co-founder to lead new team developing ‘breakthrough’ consumer products

      May 30, 2025
    • Nvidia results spark global chip rally

      May 30, 2025
    • Boeing to resume airplane deliveries to China next month, ramp up Max production, CEO says

      May 29, 2025
    • Nuclear Power Trio: OKLO, SMR, and CCJ in Focus

      May 29, 2025
    • Analyzing SIL, USO, and NVDA: Could These Bullish Patterns Trigger?

      May 29, 2025

    Popular Posts

    • 1

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

      June 27, 2024 2,764 views
    • 2

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

      August 9, 2024 2,470 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,450 views
    • 4

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

      July 10, 2024 2,431 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,307 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,105)
    • Investing (538)
    • Stock (2,578)

    Popular Posts

    • 1

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

      June 27, 2024
    • 2

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

      August 9, 2024
    • 3

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

      June 25, 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

    • Amazon taps Xbox co-founder to lead new team developing ‘breakthrough’...

      May 30, 2025
    • Nvidia results spark global chip rally

      May 30, 2025
    • Boeing to resume airplane deliveries to China next month, ramp...

      May 29, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,105)
    • Investing (538)
    • Stock (2,578)

    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

    Stefanik hits back at House Democrat...

    January 18, 2024

    Jill Biden criticizes pro-life states days...

    June 21, 2023

    VP Harris responds to smack talk...

    September 11, 2023
    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