• Economy
  • Investing
Long Distance Investing
  • Stock
  • Editor’s Pick
Stock

S&P 500 and Nasdaq: new July lows for the indexes

by July 26, 2024
written by July 26, 2024

S&P 500 and Nasdaq: new July lows for the indexes

Yesterday, the S&P 500 index was under great pressure, resulting in a drop to the 5391.5 level. 
After a month, the Nasdaq index dropped below the 19,000.0 level again yesterday. 

S&P 500 chart analysis

Yesterday, the S&P 500 index was under great pressure, resulting in a drop to the 5391.5 level. After forming this low, we revisited that level last night and received concrete support. During this morning’s Asian trading session, the index started a bullish consolidation and rose to 5450.0 levels. Here, we are now testing the EMA 50 moving average and need an impulse above to continue on the bullish side.

This gives us the support of the EMA 50, which would mean further recovery. Potential higher targets are 5480.0 and 5500.0 levels. For the bearish option, we need negative consolidation and a descent to the 5420.0 level. This puts the S&P 500 on track to visit 5400.0, the daily open price. We are close to putting new pressure on this week’s low. Potential lower targets are 5380.0 and 5360.0 levels.

 

Nasdaq chart analysis

After a month, the Nasdaq index dropped below the 19,000.0 level again yesterday. A new July low was formed at the 18719.5 level. During this morning’s Asian trading session, the index stabilized and initiated a bullish consolidation up to the 19050.0 level. We need a little more to break the EMA 50 moving average and the 19100.0 level. Potential higher targets are the 19200.0 and 19400.0 levels.

For a bearish option, the Nasdaq index would have to initiate a new negative consolidation to the 18800.0 level. This brings us very close to testing yesterday’s low. A new impulse below would push the index to a new low and thus confirm its weakness. Potential lower targets are 18600.0 and 18400.0 levels.

 

The post S&P 500 and Nasdaq: new July lows for the indexes appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
USDCHF and USDJPY: USDJPY found support at 151.93
next post
AUDUSD and AUDNZD: AUDUSD has a chance to start a recovery

You may also like

Buy Bitcoin Under $100K Before The Next Bull...

April 22, 2025

Trump’s Fed Criticism Sparks Investor Concerns

April 22, 2025

Oil Prices Rebound After Trump’s Criticism of Powell

April 22, 2025

BNB Price Surge Leads Crypto Gains as Bitcoin...

April 21, 2025

Fed’s Stagflation Warning Impacts Crypto Markets

April 21, 2025

Gold Price Surge Hits $3,385 Amid Trade Tensions

April 21, 2025

Bitcoin Rebounds to $83,404 Amid Renewed Investor Confidence

April 21, 2025

Kraken Rolls Out Commission-Free Stock Trading

April 21, 2025

Bitcoin Nears $85K Amid Market Optimism

April 21, 2025

Bitcoin Slips to $83.6K Amid Nvidia’s $5.5B Charge

April 21, 2025

    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

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025
    • Semtech Showcases Next-Gen LoRa® Technology at IoT Solutions World Congress 2025

      May 8, 2025
    • AMD CEO calls China a ‘large opportunity’ and warns against strict U.S. chip controls

      May 7, 2025

    Categories

    • Economy (679)
    • Editor's Pick (348)
    • Investing (4,555)
    • Stock (820)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: Longdistanceinvestings.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 Longdistanceinvestings.com

    Long Distance Investing
    • Economy
    • Investing
    Long Distance Investing
    • Stock
    • Editor’s Pick