Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
FPX Nickel Joins Mining Association of Canada and...
West High YieldResources Ltd. Announces Exercise of Options...
NATO Defense Spending Pledge Puts Spotlight on Platinum...
Trump, Rio Tinto Push for Copper as Court...
Alice Queen
Stefan Gleason: What Drives Gold’s Next Move Higher,...
Alice Queen: Exploring High-grade Epithermal Gold with Near-term...
Top 5 Copper Reserves by Country
CG1 Non-renounceable Pro-rata Entitlement Offer
How a ship that glides like a pelican...
  • Business
  • Economy
  • Investing
  • Politics

Smart Trade Insights

Economy

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

by admin October 14, 2024
October 14, 2024
S&P 500 and Nasdaq: Targets and Prices for Friday

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

  • On Wednesday, a new all-time high for the S&P 500 was formed at the 5797.8 level
  • On Thursday, we saw the Nasdaq index jump to 20325.5, a new October high

S&P 500 chart analysis

On Wednesday, a new all-time high for the S&P 500 was formed at the 5797.8 level. After that, the index goes into lateral consolidation in the 5765.0-5795.0 range. Today’s picture is slightly bearish because we are retreating to the upper zones. We are currently at 5775.0 and testing the EMA 50 moving average along with the lower level of this sideways range. If support is not enough, the S&P 500 will be forced to retreat to a new daily low.

Potential lower targets are $5760.0 and $5750.0 levels. If we get support from the EMA 50 moving average, we expect to see the initiation of a bullish consolidation and return to the daily open level. The S&P 500 will have enough momentum to move above. A new support would be ideal for a continuation to a new all-time high. Potential higher targets are 5800.0 and 5810.0.

 

Nasdaq chart analysis

On Thursday, we saw the Nasdaq index jump to 20325.5, a new October high. The index loses momentum at that level and moves to the 20200.0 support level. During this morning’s Asian trading session, pressure on the index intensified in the 20300.0 zone, and we saw a drop from the 20180.0 level. We have fallen below the EMA 50 moving average, and it is now an additional pressure that could strengthen the bearish momentum.

Potential lower targets are 20100.0 and 20000.0 levels. The Nasdaq needs to stay above the weekly open level until the end of the day because that would leave it on the bullish side. If we manage to get the support of the EMA 50 moving average at 20200.0, the index could start a bullish consolidation. After that, we will see a return above the daily open level and a test of the weekly high. Potential higher targets are 20400.0 and 20500.0 levels.

 

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

previous post
Harris and Trump take divergent paths in a tied race
next post
Scheme Booklet Registered by ASIC

You may also like

TQQQ stock price prediction and other information

September 4, 2024

Gold & Silver Volatility: A Strategic Analysis for...

November 3, 2024

EUR/USD & EUR/GBP: Key Support Levels Under Pressure

November 13, 2024

Oil and Natural Gas Analysis: High Volatility &...

November 13, 2024

Dollar index in anticipation of NFP and unemployment...

September 7, 2024

The Potential Effect of the US Election on...

October 9, 2024

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

January 13, 2025

Oil & Gas Trends: Resistance Rejections & Trade...

November 4, 2024

Could Bitcoin Reach $200000? Market & Expert Insights

March 20, 2025

Fisker (FSR) Stock: Struggles, Surprises, and the Road...

September 3, 2024

    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

    • FPX Nickel Joins Mining Association of Canada and Signs on to UN Global Compact, Demonstrating Industry Leadership in Sustainable and Responsible Project Development

      August 22, 2025
    • West High YieldResources Ltd. Announces Exercise of Options and Warrants

      August 22, 2025
    • NATO Defense Spending Pledge Puts Spotlight on Platinum Group Metals

      August 22, 2025
    • Trump, Rio Tinto Push for Copper as Court Halts Arizona Mine Transfer

      August 22, 2025
    • Alice Queen

      August 22, 2025
    Promotion Image

    banner ads

    Categories

    • Business (823)
    • Economy (829)
    • Investing (2,674)
    • 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