{"id":1151,"date":"2024-08-23T12:03:42","date_gmt":"2024-08-23T12:03:42","guid":{"rendered":"https:\/\/investingsstrategist.com\/index.php\/2024\/08\/23\/sp-500-and-nasdaq-new-index-recovery-from-this-morning\/"},"modified":"2024-08-23T12:03:42","modified_gmt":"2024-08-23T12:03:42","slug":"sp-500-and-nasdaq-new-index-recovery-from-this-morning","status":"publish","type":"post","link":"https:\/\/investingsstrategist.com\/index.php\/2024\/08\/23\/sp-500-and-nasdaq-new-index-recovery-from-this-morning\/","title":{"rendered":"S&P 500 and Nasdaq, new index recovery from this morning"},"content":{"rendered":"
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S&P 500 and Nasdaq, new index recovery from this morning<\/h1>\n

On Thursday, the S&P 500 rose to a new weekly high at the 5642.4 level<\/span>
\nNasdaq was in a bullish consolidation this week up to the 19940.1 level<\/span><\/p>\n

S&P 500 chart analysis<\/h2>\n

On Thursday, the S&P 500 rose to a new weekly high at the 5642.4 level. After forming a new high, the index started a retreat, and with a few bearish impulses, it fell to 5561.2. The fall was stopped there, so we quickly consolidated and started a recovery on the bullish side. The index is now at the 5605.0 level and has the support of the EMA 50 moving average. Everything points to further growth and recovery.<\/span><\/p>\n

Potential higher targets are 5620.0 and 5640.0 levels. For a bearish option, we need a negative consolidation<\/a> back to the previous low. This puts new pressure on that level. To continue, the S&P 500 would have to make an impulse below to a new low. Potential lower targets are 5560.0 and 5540.0 levels.<\/span><\/p>\n<\/p>\n

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Nasdaq chart analysis<\/h2>\n

Nasdaq was in a bullish consolidation this week up to the 19940.1 level. On Thursday, we stopped at that level and started a strong bearish consolidation up to the 19440.0 level. During this morning\u2019s Asian session, we got that new support and started a bullish consolidation. A daily high was formed at the 19680.0 level. Here, we meet the EMA 50 moving average and need momentum above to continue on the bullish side.<\/span><\/p>\n

If we succeed in that, we will continue with the recovery. Potential higher targets are the 19700.0 and 19750.0 levels. For a bearish option, we need a negative consolidation and pullback below the 19600.0 level first. This would move us away from the EMA 50, which would strengthen the bearish momentum. Next is a further pullback to last night\u2019s low and testing of that support. Potential lower targets are the 19550.0 and 19500.0 levels.<\/span><\/p>\n<\/p>\n

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The post S&P 500 and Nasdaq, new index recovery from this morning<\/a> appeared first on FinanceBrokerage<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

S&P 500 and Nasdaq, new index recovery from this morning On Thursday, the S&P 500 rose to a new weekly high at the 5642.4 level Nasdaq was in a bullish consolidation this week up to the 19940.1 level S&P 500 chart analysis On Thursday, the S&P 500 rose to a new weekly high at the […]<\/p>\n","protected":false},"author":0,"featured_media":1152,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1151","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts\/1151","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/comments?post=1151"}],"version-history":[{"count":0,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts\/1151\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media\/1152"}],"wp:attachment":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media?parent=1151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/categories?post=1151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/tags?post=1151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}