Revenue Agenda
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Revenue Agenda
No Result
View All Result
Home Economy

S&P 500 and Nasdaq: S&P 500 falls to 5040.0 this morning

by
April 16, 2024
in Economy
0
S&P 500 and Nasdaq: S&P 500 falls to 5040.0 this morning
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

S&P 500 and Nasdaq: S&P 500 falls to 5040.0 this morning

During the Asian trading session, the S&P 500 index fell to a new low of 5040.0 levels. The Nasdaq made a serious pullback below the 18000.0 level yesterday. 

S&P 500 chart analysis

During the Asian trading session, the S&P 500 index fell to a new low of 5040.0 levels. Yesterday, we saw a clear bearish consolidation from the 5170.0 level. The break below the weekly open price only increased the bearish pressure that brought us down to this morning’s low. Now, we are trying to get rid of the bearish pressure and start a bullish consolidation. The current picture tells us that the index could make a new bottom and thus start a recovery.

Potential higher targets are 5080.0 and 5100.0 levels. For a bearish option, need pullback below the 5040.0 level is needed. With that, we go to a new monthly low and get a confirmation of the bearish momentum. This would lead to a continuation of the decline to new high levels. Potential lower targets are 5020.0 and 5000.0 levels.

Nasdaq chart analysis

The Nasdaq made a serious pullback below the 18000.0 level yesterday. During the Asian session, a new weekly low was formed at the 17626.4 level. We remain above that level for now and are waiting for an impulse that would move us above the 17750.0 level. With that step, we would initiate a positive consolidation and recovery of the value of the Nasdaq index. Potential higher targets are 17800.0 and 17850.0 levels.

Additional resistance to our recovery will be in the EMA50 moving average around 17900.0 levels. For a bearish option, we need a continuation of the previous negative consolidation and a drop below the 17625.0 support level. By going below, we go to a new low and thereby confirm the continuation to the bearish side. Potential lower targets are 17600.0 and 17550.0 levels.

The post S&P 500 and Nasdaq: S&P 500 falls to 5040.0 this morning appeared first on FinanceBrokerage.

Previous Post

Nifty index and German 40: Nifty falls to seven-day low

Next Post

Stellar and Bitcoin Cash: Stellar falls to a new yearly low

Next Post
Stellar and Bitcoin Cash: Stellar falls to a new yearly low

Stellar and Bitcoin Cash: Stellar falls to a new yearly low

  • Trending
  • Comments
  • Latest
Top 10 Potash Countries by Production (Updated 2024)

Top 10 Potash Countries by Production (Updated 2024)

August 21, 2024
Top 10 Phosphate Countries by Production (Updated 2024)

Top 10 Phosphate Countries by Production (Updated 2024)

August 1, 2024
Top 10 Uranium-producing Countries (Updated 2024)

Top 10 Uranium-producing Countries (Updated 2024)

November 6, 2024
7 Biggest Lithium-mining Companies in 2024

7 Biggest Lithium-mining Companies in 2024

September 18, 2024
3 Best-performing Canadian Cleantech Stocks of 2025

3 Best-performing Canadian Cleantech Stocks of 2025

0
New Hampshire Gov. Sununu signs $15.2B ‘miracle’ budget into law

New Hampshire Gov. Sununu signs $15.2B ‘miracle’ budget into law

0

Pennsylvania House clears tax credits for new teachers, nurses, police officers

0
Evers signs bipartisan sales tax bill aimed at sparing Milwaukee from bankruptcy

Evers signs bipartisan sales tax bill aimed at sparing Milwaukee from bankruptcy

0
3 Best-performing Canadian Cleantech Stocks of 2025

3 Best-performing Canadian Cleantech Stocks of 2025

July 18, 2025
Maritime Resources

Maritime Resources

July 18, 2025
Blue Sky Uranium Extends Non-Brokered Private Placement

Blue Sky Uranium Extends Non-Brokered Private Placement

July 18, 2025
Charbone Hydrogene annonce une mise-a-jour sur les reglements de dettes par emission d’unites

Charbone Hydrogene annonce une mise-a-jour sur les reglements de dettes par emission d’unites

July 18, 2025
Enter Your Information Below To Receive Trading Ideas and Latest News

Error: Contact form not found.

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Recent News

3 Best-performing Canadian Cleantech Stocks of 2025

3 Best-performing Canadian Cleantech Stocks of 2025

July 18, 2025
Maritime Resources

Maritime Resources

July 18, 2025
Blue Sky Uranium Extends Non-Brokered Private Placement

Blue Sky Uranium Extends Non-Brokered Private Placement

July 18, 2025
Charbone Hydrogene annonce une mise-a-jour sur les reglements de dettes par emission d’unites

Charbone Hydrogene annonce une mise-a-jour sur les reglements de dettes par emission d’unites

July 18, 2025
  • About us
  • Privacy Policy
  • Terms & Conditions
  • About us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 revenueagenda.com | All Rights Reserved

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

Copyright © 2025 revenueagenda.com | All Rights Reserved