Global Trends Today
  • News
  • Economy
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
  • News
  • Economy
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
Global Trends Today
No Result
View All Result
Home Economy

The S&P 500 and Nasdaq have been bullish this week

by
August 16, 2024
in Economy
0
The S&P 500 and Nasdaq have been bullish this week
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

The S&P 500 and Nasdaq have been bullish this week

On Friday, the S&P 500 index rose to 5559.4, a new weekly high
Early this morning, the Nasdaq index rose to 19578.3, forming a new weekly high

S&P 500 chart analysis

On Friday, the S&P 500 index rose to 5559.4, a new weekly high. Since Monday, we have been in a strong bullish consolidation with the support of the moving averages. After the formation of today’s high, the index stopped there, so we will see the initiation of bearish consolidation up to the 5535.0 level. Bearish momentum is slowly building that could prolong this pullback.

Potential lower targets are 5520.0 and 5500.0 levels. Additional support in the 5500.0 zone is in the EMA 50 moving average. The 200 EMA is lagging behind the price and hovering around 5410.0. We need a positive consolidation and a return above the 5540.0 daily open price for a bullish option. If the S&P 500 stabilizes above this level again, the chances of seeing a new weekly high increase. Potential higher targets are 5560.0 and 5580.0 levels.

 

Nasdaq chart analysis

Early this morning, the Nasdaq index rose to 19578.3, forming a new weekly high. At that level, the bullish momentum fell, and we had to initiate a pullback. The index is now below the daily open price at 19442.0, which could strengthen the bearish consolidation and bring it down to lower levels. Potential lower targets are the 19400.0 and 19300.0 levels.

The first additional support is the EMA 50 moving average in the 19250.0 zone. Since Monday, we have had constant support from the EMA 50, so we expect it now. For a bullish option, we need a positive consolidation and a return above the 19460.0 daily open price. This brings us back to the positive side and strengthens the optimism to continue on the bullish side. Potential higher targets are 19600.0 and 19700.0 levels.

 

The post The S&P 500 and Nasdaq have been bullish this week appeared first on FinanceBrokerage.

Previous Post

Walmart Stock Hits Record High on Earnings Beat

Next Post

Trump’s latest financial disclosure shows liabilities, millions from licensing

Next Post
Trump’s latest financial disclosure shows liabilities, millions from licensing

Trump’s latest financial disclosure shows liabilities, millions from licensing

    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.

    • Trending
    • Comments
    • Latest

    Hacker lexicon: What is a supply chain attack?

    June 11, 2021

    Losing Depop to US ownership makes the British tech sector look secondhand

    June 11, 2021

    Andrew Lloyd Webber to sue the Government if theatres are not fully reopened from June 21

    June 11, 2021

    Microsoft’s Kate Crawford: ‘AI is neither artificial nor intelligent’

    June 11, 2021
    Ian Rodger Appointed Managing Director

    Ian Rodger Appointed Managing Director

    0

    Reply to “Reply to Whitehead” by Desvousges, Mathews and Train: (4) My treatment of the weighted WTP is biased in favor of the DMT (2015) result/conclusion

    0

    The 40 Weirdest (And Best) Charts We Made In This Long, Strange Year

    0

    Will The Debate Over $2,000 Stimulus Checks Help Democrats In Georgia?

    0
    Ian Rodger Appointed Managing Director

    Ian Rodger Appointed Managing Director

    July 1, 2025
    Mali Completes Takeover of Abandoned Gold Mines, Extends Push for Resource Sovereignty

    Mali Completes Takeover of Abandoned Gold Mines, Extends Push for Resource Sovereignty

    July 1, 2025
    Home Depot is buying GMS for about $4.3 billion as it chases more home pros

    Home Depot is buying GMS for about $4.3 billion as it chases more home pros

    July 1, 2025
    Home Depot is buying GMS for about $4.3 billion as retailer chases more home pros

    Home Depot is buying GMS for about $4.3 billion as retailer chases more home pros

    June 30, 2025

    Recent News

    Ian Rodger Appointed Managing Director

    Ian Rodger Appointed Managing Director

    July 1, 2025
    Mali Completes Takeover of Abandoned Gold Mines, Extends Push for Resource Sovereignty

    Mali Completes Takeover of Abandoned Gold Mines, Extends Push for Resource Sovereignty

    July 1, 2025
    Home Depot is buying GMS for about $4.3 billion as it chases more home pros

    Home Depot is buying GMS for about $4.3 billion as it chases more home pros

    July 1, 2025
    Home Depot is buying GMS for about $4.3 billion as retailer chases more home pros

    Home Depot is buying GMS for about $4.3 billion as retailer chases more home pros

    June 30, 2025

    Disclaimer: GlobalTrendsToday.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.

    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 globaltrendstoday.com | All Rights Reserved

    No Result
    View All Result
    • News
    • Economy
    • Investing
    • Stock
    • Editor’s Pick

    Copyright © 2025 globaltrendstoday.com | All Rights Reserved