Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
Earthwise Advertising & Investor Awareness Campaign
Commencement of Henbury Field Program
RCM to Acquire Webbs Consol Silver Project from...
Earthwise Advertising & Investor Awareness Campaign
Crypto Market Update: Stablecoins Top US$283 Billion in...
Tech 5: NVIDIA Results Rattle Investors, Trump Signals...
Spirit Airlines files for Chapter 11 bankruptcy protection...
Charbone Hydrogene annonce les resultats financiers T2 2025
Charbone Hydrogen Announces Q2 2025 Financial Results
Earthwise Advertising & Investor Awareness Campaign
  • Business
  • Economy
  • Investing
  • Politics

Smart Trade Insights

Economy

S&P 500 and Nasdaq: Nasdaq rises to new high on Friday

by admin August 10, 2024
August 10, 2024
S&P 500 and Nasdaq: Nasdaq rises to new high on Friday

S&P 500 and Nasdaq: Nasdaq rises to new high on Friday

  • The S&P 500 index managed to climb to a new weekly high this morning at 5349.7.
  • On Friday, the Nasdaq climbed to a new weekly high at the 18533.5 level.

S&P 500 chart analysis

The S&P 500 index managed to climb to a new weekly high this morning at 5349.7. The index has been in a strong bullish consolidation since yesterday’s drop to 5150.0. We now have new resistance at today’s high and see a pullback below the EMA 200 moving average. The S&P 500 is now at 5305.0, and we are close to the 5300.0 support level. The EMA 50 moving average has added support in that zone. If the support weakens, a drop to a new daily low will follow.

Potential lower targets are 5275.0 and 5250.0 levels. For a bullish option, we need a positive consolidation, a return above 5340.0, and the EMA 200 moving average. Then, the S&P 500 needs to stabilize there to trigger further bullish consolidation. Potential higher targets are 5375.0 and 5400.0 levels.

 

Nasdaq chart analysis

On Friday, the Nasdaq climbed to a new weekly high at the 18533.5 level. We stayed there for a short time because the index started to lose its previous momentum. Additional pressure in that zone in the EMA 200 moving average influenced us to see the Nasdaq retreat to the 18310.0 level. The bearish momentum is strengthening, and it is possible that we will see a pullback of the index by the end of the day. Potential lower targets are the 18200.0 and 18000.0 levels.

For a bullish option, we need a positive consolidation and retracement back to 18500.0 and the EMA 200 moving average. This time we need support from the 200 EMA to continue to the bullish side. If we manage to stabilize, we will be in a good position to see the Nasdaq recover to higher levels. Potential higher targets are 18800.0 and 19000.0.

 

The post S&P 500 and Nasdaq: Nasdaq rises to new high on Friday appeared first on FinanceBrokerage.

previous post
Storm Debby Brings Heavy Rainfall, Flooding to Carolinas
next post
AUDUSD and AUDNZD: AUDUSD is  under pressure on Friday

You may also like

Bitcoin Crash Prediction, Warns Crypto Expert

February 14, 2025

Trump’s Tariffs: Canada, Mexico Pause, China Levies Continue

February 5, 2025

S&P 500 climbed 0.3%, and Nasdaq-100 futures jumped...

December 24, 2024

Donald Trump Shot Again at West Palm Beach...

September 18, 2024

S&P 500 Futures Slip 0.51%

November 16, 2024

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

December 29, 2024

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

September 28, 2024

AUDUSD consolidates around the weekly open price

August 31, 2024

Wizz Air Launches ‘All You Can Fly’ Subscription...

August 16, 2024

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

January 18, 2025

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Earthwise Advertising & Investor Awareness Campaign

      September 1, 2025
    • Commencement of Henbury Field Program

      September 1, 2025
    • RCM to Acquire Webbs Consol Silver Project from Lode Res.

      September 1, 2025
    • Earthwise Advertising & Investor Awareness Campaign

      August 31, 2025
    • Crypto Market Update: Stablecoins Top US$283 Billion in Circulation, Bitcoin Decline Continues

      August 31, 2025
    Promotion Image

    banner ads

    Categories

    • Business (842)
    • Economy (829)
    • Investing (2,730)
    • Politics (737)
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: smarttradeinsights.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 © 2025 smarttradeinsights.com | All Rights Reserved